What Are the Experts Saying About the Spring Housing Market?

Dated: May 23 2023

Views: 70

What Are the Experts Saying About the Spring Housing Market?




The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your position right now.

Here’s what industry experts are saying right now about the spring housing market and what it means for you:

Selma Hepp, Chief Economist, CoreLogic:
We see more competition among buyers . . . Housing supply also tends to grow during the spring months. And this is also the time of year when relatively more migration happens, as people graduate and move elsewhere looking for jobs.”
Greg McBride, Chief Financial Analyst, Bankrate:
“I don’t expect big moves in prices in the span of a month, but like the flower buds of spring, the housing market is showing signs of improvement. A pick up in activity with inventory still low does bode well for home prices.”
Rick Sharga, Founder and CEO, CJ Patrick Company:
If you can find a home you love and can afford at today’s prices, don’t wait. Home prices in most of the country are unlikely to crash, and mortgage rates will only come down very gradually if they decline at all this year.” 
Jeff Tucker, Senior Economist, Zillow:
“The market is still much friendlier this spring for buyers who can overcome affordability hurdles, but buyers are going to see more competition than they might expect because there are not many homes on the market to go around. New listings are increasing, which they almost always do this time of year, but not nearly as quickly as usual.”

Bottom Line

If you’re thinking about selling your house, this spring’s a great time to do so while inventory is still so low. And if you’re in a good position to buy, lean on your team of expert advisors for the best advice. Whatever your plans, let’s connect to make sure you’re able to navigate the spring housing market with confidence.

Blog author image

Ken Fox

As a resident of Austin, Texas, and Broker/Owner of NextHome Modern, Ken Fox actively enjoys this hip, rapidly growing, naturally beautiful metroplex and has made it his priority to assist homebuyers ....

Latest Blog Posts

How To Turn Homeownership into a Side Hustle

How To Turn Homeownership into a Side HustleDoes the rising cost of just about everything these days make your dream of owning your own home feel less within reach? According to 

Read More

When You Sell Your House, Where Do You Plan To Go?

When You Sell Your House, Where Do You Plan To Go?If you’re thinking about selling your house, you may have heard the supply of homes for sale is still low, and that means your house

Read More

Experts Project Home Prices Will Rise over the Next 5 Years

Experts Project Home Prices Will Rise over the Next 5 YearsEven with so much data showing home prices are actually rising in most of the country, there are still a lot of people who

Read More

Why the Economy Won’t Tank the Housing Market

Why the Economy Won’t Tank the Housing MarketIf you’re worried about a coming recession, you’re not alone. Over the past couple of years, there’s been a lot of recession.

Read More