Are you hoping home prices will drop? Well, experts say that’s not likely to happen. With more buyers than homes for sale, that’s keeping prices on the rise in most areas. And that’s not gonna change anytime soon. Here’s why. For over fifteen years, builders haven’t kept pace with the number of homes the market needs to meet buyer demand. Even now that new home construction has finally picked up a bit, we’ve still got a long way to go before we make up for all those years of underbuilding. Basically, there just aren’t enough homes to go around. That’s why home prices are staying steady or rising in most places. And experts say prices will keep rising next year, just more slowly. But it really all depends on local market conditions. So, let’s connect to talk about what’s happening in our area, and what that means for your next steps.
Are you hoping home prices will drop?
by Jason Edington
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