Home Sellers Retain High Expectations, As Housing Dynamics Shift
Real estate markets mirrored Americans’ changing realities during an unprecedented 2020-21 period, when the global COVID pandemic impacted daily lives on a large scale. Following the sharp drop in activity during the Spring 2020 quarantines, markets rebounded through the second half of the year, and continued on a hot streak in the first months of 2021, as buyers looking for the safety of a home ran against an extremely limited number of properties for sale.
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If you've been thinking about selling, you've probably seen plenty of headlines suggesting buyers have just about disappeared.
If the first half of this year has left you feeling stuck, you're not the only one. Mortgage rates stayed higher than people wanted.
Saving for a down payment can feel like the hardest part of buying a home.
After the Fed's June meeting, "I'll wait for rates to drop" is a weaker bet. Here's the honest version of that conversation.
One of the biggest reasons buyers are still sitting on the sidelines is because they think home prices are going to come down.
A lot of people who want to move are telling themselves the same thing:
"Maybe I'll just wait until later this year once things calm down."
