What Does the Rest of the Year Hold for the Housing Market?
Posted by The Cobb Group on
The Hilton Head Island & Bluffton real estate market has been on fire the last two years but nothing lasts for ever. The big questions remains how will the market evolve? If you’re thinking of buying or selling a house, you’re at an exciting decision point. And anytime you make a big decision like that, one thing you should always consider is timing. So, what does the rest of the year hold for the housing market? Here’s what experts have to say.
The Number of Homes Available for Sale Is Likely To Grow
There are early signs housing inventory is starting to grow and experts say that should continue in the months ahead. According to Danielle Hale, Chief Economist at realtor.com:
“The gap between this year’s homes for sale and last year’s is…
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Everywhere I go people keep asking about my thoughts on the local real estate market. Is it going to flatten? Will home prices go down if we wait to buy? How is rising inflation, and how are the interest rates affecting the local real estate market? Should I buy now? I don’t want to miss the market, should I sell now? First of all, we don’t have a crystal ball. There are so many factors involved in this equation that we can’t predict but we can look towards the past. History is the greatest predictor of the future. That being said, we are in unique times, and we would never have been able to predict that a worldwide pandemic would spur the wild west type real estate market of the last two years! As the world settles down, history is still the greatest…
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