Real Estate News

You’ve probably heard plenty of doom and gloom about the housing market lately.

You’ve probably heard that home prices are cooling off. And that’s true – nationally. But zoom in on individual markets across the country, and the picture looks completely different depending on where you are.

When your house doesn’t sell, it’s not just disappointing. It messes with your timing. Your plans. Your confidence.

You may be hearing that a near-record number of homeowners are pulling their houses off the market. And if that headline has you thinking, “Wait… is something bad about to happen?” You’re not alone.

Open up a home search and you’ll see them. Listings that have been on the market for two months. Three. Some longer.

Remember a few years back when sellers held all the power and buyers were stuck offering way over asking or waiving inspections just to get a chance at the house? In many markets, those days are behind us.

One of the biggest reasons buyers are still sitting on the sidelines is because they think home prices are going to come down.

Some believe a crash is coming and they’ll get a better deal if they hold off.

Others worry they’ll buy now and watch their home’s value fall later.

If buyers wanted the house, they pretty much had to take it on the seller’s terms. But now that inventory’s grown, negotiations are becoming a normal part of the process again.

A lot of people who want to move are telling themselves the same thing: “Maybe I’ll just wait until later this year once things calm down.” 

If affordability has been the biggest thing standing between you and a home, there’s a little good news.