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.

97 Properties
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3
Beds
1
Baths
1,299
Sq.Ft.
1918
Year Built
6
Days on Site
24018920
MLS
$489,900
Neighborhood: Rockford Hills
4
Beds
2F11/2
Baths
3,160
Sq.Ft.
1996
Year Built
8
Days on Site
24018127
MLS
3
Beds
1
Baths
1,092
Sq.Ft.
1965
Year Built
12
Days on Site
24017524
MLS
$420,000
Neighborhood: Vantage Point
3
Beds
2F11/2
Baths
1,792
Sq.Ft.
2002
Year Built
13
Days on Site
24016933
MLS
4
Beds
2F11/2
Baths
3,454
Sq.Ft.
1977
Year Built
13
Days on Site
24017258
MLS
5
Beds
3F11/2
Baths
4,122
Sq.Ft.
1999
Year Built
13
Days on Site
24017142
MLS
3
Beds
2F11/2
Baths
1,776
Sq.Ft.
2011
Year Built
13
Days on Site
24017152
MLS
3
Beds
1
Baths
820
Sq.Ft.
1920
Year Built
13
Days on Site
24017099
MLS
3
Beds
1F11/2
Baths
1,147
Sq.Ft.
1910
Year Built
13
Days on Site
24016985
MLS
4
Beds
3F11/2
Baths
2,244
Sq.Ft.
1995
Year Built
13
Days on Site
24016698
MLS
$424,900
Neighborhood: Bluegrass Meadows
4
Beds
3F11/2
Baths
2,465
Sq.Ft.
1989
Year Built
13
Days on Site
24016954
MLS
3
Beds
1F11/2
Baths
1,440
Sq.Ft.
1880
Year Built
13
Days on Site
24017401
MLS

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