What Are Experts Saying About the Fall Housing Market? Grand Rapids Realtor

Maybe you're thinking about buying or selling a home in Grand Rapids or anywhere in West Michigan this fall. If so, don't worry! The professionals have some insight that can help with your decision-making process and give clarity on what's happening right now before any more major changes occur over time as we head into winter months


The Grand Rapids housing market is rapidly changing from its peak frenzy it saw last year - meaning there are many questions marks surrounding this change which might be affecting buyers' decisions (or lack thereof). But fear not because leanring

Here are what some national real estate experts are saying: 

A recent article from realtor.com:

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.”

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.”

Bottom Line

Mortgage rates, home prices, and the supply of homes for sale are top of mind for Grand Rapids buyers and Grand Rapids sellers today. And if you want the latest information for our area, let’s connect today.

199 Properties
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3
Beds
1
Baths
1,529
Sq.Ft.
1910
Year Built
12
Days on Site
23142599
MLS
5
Beds
2F11/2
Baths
3,020
Sq.Ft.
2016
Year Built
15
Days on Site
23142179
MLS
4
Beds
1F11/2
Baths
1,650
Sq.Ft.
1927
Year Built
16
Days on Site
23142040
MLS
$469,900
Neighborhood: Heritage Park
4
Beds
2F11/2
Baths
2,898
Sq.Ft.
2017
Year Built
20
Days on Site
23141674
MLS
4
Beds
2
Baths
2,218
Sq.Ft.
2006
Year Built
20
Days on Site
23141796
MLS
4
Beds
2
Baths
2,520
Sq.Ft.
1963
Year Built
21
Days on Site
23141563
MLS
4
Beds
1F11/2
Baths
1,862
Sq.Ft.
1925
Year Built
21
Days on Site
23141646
MLS
3
Beds
1F11/2
Baths
1,560
Sq.Ft.
1961
Year Built
22
Days on Site
23141403
MLS
3
Beds
2F11/2
Baths
2,100
Sq.Ft.
1997
Year Built
22
Days on Site
23141429
MLS
4
Beds
2
Baths
1,387
Sq.Ft.
1880
Year Built
23
Days on Site
23141239
MLS
4
Beds
2
Baths
2,094
Sq.Ft.
1900
Year Built
23
Days on Site
23141261
MLS
3
Beds
2
Baths
1,460
Sq.Ft.
1888
Year Built
24
Days on Site
23141155
MLS

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