Real Cap Daily #10 What are experts saying about the market?
RCD #10 With interest rates rising and the stock market in retreat, what are experts saying about the housing market? Hello, I’m Dennis Maynard, a real estate broker in Los Angeles. Welcome to Real Cap Daily. Please don’t forget to like subscribe and follow. Let’s look at a few quotes from experts in the industry.
“This fall, a more moderate pace of home selling, more listings to choose from, and softening price growth will provide some breathing room for buyers searching for a home during what is typically the best time to buy a home.”
From Michael Lane, VP and General Manager, ShowingTime: “Buyers will continue to see less competition for homes and have more time to tour homes they like and consider their options.”
Expert Quotes for Fall Sellers
Selma Hepp, Interim Lead of the Office of the Chief Economist, CoreLogic: “. . . record equity continues to provide fuel for housing demand, particularly if households are relocating to more affordable areas.”
Danielle Hale, Chief Economist, realtor.com: “For homeowners deciding whether to make a move this year, remember that listing prices – while lower than a few months ago – remain higher than in prior years, so you’re still likely to find opportunities to cash-in on record-high levels of equity, particularly if you’ve owned your home for a longer period of time.”
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