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As I have stated before, the housing market correction has just started. Inventories must go up before prices go down. Simple Econ 101 - increases in supply meets static demand means prices must fall to attract more demand. Capitalism and markets work well if not manipulated like with artificiallly low interest rates for the past decade. We are at the start of the destruction of missed allocated capital. Be vigilant.

This report and enclosed charts tell an interesting overview of the housing market. The problem is it doesn’t provide an answer as to the outlook with a few exceptions. Currently demand exceeds supply but with pricing still high and cost to borrow virtually the same number 2x post pandemic and inventory levels the highest in years it suggests something must break or at least bend. The next 12-18 months will be interesting to say the least. Unless or until rates come down the market stalls or pricing will require adjusting to see any demonstrable moves.

Economists expect higher interest rates(opens in a new tab) to "keep a lid on" sales volumes, put "pressure on housing prices" and bottle market growth. https://ow.ly/1UyF50Sqslp #realestatelaw #waterloorealestatelawyer

The tale of two economies continues. CNBC reports that the only category that saw gains over the last year was the $1 million+ range. The percentage of cash buyers nudged higher as well, from 26% to 28%. One highlight of the article came from Danielle Hale, Realtor.com’s chief economist. “The median listing price is being held down by an influx in smaller and lower-priced listings. In fact, the number of for-sale homes in the $200K to $350K pride bucket surged by 50% compared to a year ago.” This much-needed inventory should help surpress price increases in the months ahead, supporting further disinflation, particularly in the CPI measure where housing is most heavily weighted.

Is now the time to jump into the housing market? This article from the Globe and Mail's Rob Carrick highlights some points to consider. With interest rates dropping, large inventories and softening of prices, the next few months could be the time to purchase before the spring market heats up. If you are actively planning- or considering- to buy or sell please contact me. https://lnkd.in/eZHQ_7Xe

https://lnkd.in/dRup3ZYF With services inflation still high it will be interesting to see what the BoE do with interest rates in August to try to balance yet keep the market moving? The next few months could be significant and will require a delicate juggling act #property #propertymarket

The U.S. housing market shows signs of weakness with rising inventory and cautious builders, while equity markets closed mixed after bank stress test results. Gold and oil prices face pressure from a strong dollar and unexpected inventory increases, respectively, as the yen hits a 38-year low against the dollar. https://lnkd.in/gHu6RQBp

Will Interest Rates Go Down in 2025? Contact me to discuss the latest scoop in real estate! #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting #housingmarket

Every drop in rates increases purchasing power for buyers. The housing market is anticipating the rate drop in September by the fed. It will take about 60-90 days for the market to fully realize the impact of lower rates. The time to capitalize on the rate drop is now, before buyers start flooding back into the market and sellers stop being negotiable due to the increase in buyers.

Housing market predictions 🏘️ The housing market in 2024 is expected to remain challenging for both buyers and sellers due to high mortgage rates, steep home prices, and low inventory levels. However, experts anticipate mortgage rates to trend lower throughout the year, potentially spurring more market activity. Despite this, the market will likely continue to favor sellers due to tight inventory conditions. It's advised for both buyers and sellers to seek guidance from experienced local real estate agents to navigate the complexities of the market. Read more here 🔗 https://lnkd.in/gxBjW4yZ . . . #birminghamalabama #biginsurancegrup #biginsurance #alabamainsurance #alabamapropertyinsurance #alabamarealestate #propertyinsurance #propertymanagement #insurance #insurancecoverage #nationwidecoverage #localinsurance #homeownersinsurance #commercialinsurance #riskmanagement #businesscoverage #propertyprotection #insuranceagency #realestateinsurance #protectyourassets #secureyourinvestment #coverageoptions