Michele Lerner’s Post

I've read a lot of predictions about how this year's housing market is going to unfold. This Zillow article is one of the most comprehensive I've read so far! https://lnkd.in/eXi9Ea83

❓💭 Are the Top 3 Housing Market Questions on Your Mind? When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a move, that can leave you with a lot of lingering questions. That’s where a trusted local real estate agent comes in. Here are the top 3 questions people are asking about today’s housing market, and the data to help answer them. https://lnkd.in/gUK4pMMX

When it comes to the housing market, there’s a lot of confusion right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a move, that can leave you with a lot of questions. That’s where a trusted local real estate agent comes in. This article discusses the top 3 questions people are asking about today’s housing market, and the data to help answer them. Take a look. #realestatetrends #njrealtor #nothingcompares https://lnkd.in/eTXGZugz

When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a move, that can leave you with a lot of lingering questions. That’s where a trusted local real estate agent comes in. Here are the top 3 questions people are asking about today’s housing market, and the data to help answer them... #realestate #marketconditions #realestateeducation #realestateadvice

When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a move, that can leave you with a lot of lingering questions. That’s where a trusted local real estate agent like myself comes in. 🤔🏡Here are the top 3 questions people are asking about today’s housing market, and the data to help answer them.... https://lnkd.in/ebYMcdr9

Zillow`s Crystal Ball: Housing Market Prediction for 2024 - What you need to know! Zillow just released its outlook for 2024, and a lot of investors will want to pay attention to what it says. From mortgage rates and prices to top markets and home flipping activity, the report offers predictions for all of it. Here are the main points you’ll want to take away. According to Zillow’s economists, as well as general expectations surrounding the Federal Reserve’s moves next year, interest rates, including those on mortgages, are going to stay high for some time. The Mortgage Bankers Association forecasts 30-year loan rates to remain above 6% for the entire year, while Fannie Mae doesn’t expect them to drop below 7%. Because of this extended timeline, Zillow projects that previously gun-shy homeowners will soon come to accept those higher rates and start listing their homes. “With mortgage rates rising over the past two years, homeowners have been reluctant to sell, opting instead to hold onto the ultra-low interest rate on their current mortgage,” the report reads. “More of these homeowners will end their holdout for lower rates and go ahead with those moves.” Home Price Growth Will Slow With more supply will come slower price growth. As the report puts it, “More homes on the market—even the gradual increase Zillow economists expect—would be good news for homebuyers, spreading demand and easing upward pressure on prices. In total, the company only projects prices to remain steady, only falling about 0.2%. But when combined with a slight decrease in rates, it could mean an affordability boost for many looking to buy a home. “Taken together, the cost of buying a home looks to be on track to level off next year, with the possibility of costs falling if mortgage rates do,” the report explains. Urban Locations Will Grow in Popularity Downtown areas and urban markets suffered during the pandemic, but it seems interest in the areas is picking back up—which is good news for rental property owners in these areas. According to Zillow’s Observed Rent Index, the gap between urban and suburban rents is narrowing, and in 33 major metro areas, suburban rent growth is actually outpacing those in urban areas. That said, New York City is one area where urban interest is growing, and “Zillow foresees more markets following suit, with rental demand surging near downtown centers,” the report says. An important thing to note is that many urban areas have experienced what Zillow calls a “multifamily construction boom” this year, which could pose a challenge for buy-and-hold investors in these areas.

Are The Top 3 Housing Market Questions on Your Mind? When it comes to what’s happening in the housing market, there’s a lot of confusion going around right now. You may hear one thing in conversation with your friends, see something totally different on the news, and read something on social media that contradicts both of those thoughts. And, if you’re thinking about making a move, that can leave you with a lot of lingering questions. That’s where a trusted local real estate agent comes in.

What Are Experts Saying About the Spring Housing Market? Here’s what the professionals are saying about what’s in store for this season. Odeta Kushi, Deputy Chief Economist, First American: “. . . it seems our general expectation for the spring is that we will see a pickup in inventory. In fact, that already seems to be happening. But it won’t necessarily be enough to satiate demand.” Lisa Sturtevant, Chief Economist, Bright MLS: “There is still strong demand, as the large millennial population remains in the prime... Have any questions about the real estate market? Let's talk! Please reach out to Billy at [email protected] to set up a time to talk.

Interesting Housing market predictions for 2024 from Zillow!!! We might not agree on everything but I certain see rates going ⬇️⬇️⬇️ and creating new shift in todays housing market! https://lnkd.in/eNRJcHmP

🏡🔮 Housing Market Predictions: What’s Ahead in the Next 5 Years? 🔮🏡 Curious about where the housing market is headed? Check out these insightful predictions for the next five years, covering trends, potential challenges, and opportunities for buyers and sellers alike. Stay ahead of the curve with this must-read article! 📈📊 🔗 https://lnkd.in/g5RWWFvh What are your thoughts on these predictions? How do you see them impacting your real estate plans? Share your insights, and let's discuss! ⬇️ #RealEstate #HousingMarket #MarketTrends #FutureOutlook #ProfessionalInsights #StayInformed