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.