Lexington Square Homes Springfield Missouri
09/27/2023
The Return of Normal Seasonality for Home Price Appreciation
If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices? Despite what you may be hearing in the news, nationally, home prices aren’t falling. It’s just that price growth is beginning to normalize. Here’s the context you need to really understand that trend.
In the housing market, there are predictable ebbs and flows that happen each year. It’s called seasonality. Spring is the peak homebuying season when the market is most active. That activity is typically still strong in the summer but begins to wane as the cooler months approach. Home prices follow along with seasonality because prices appreciate most when something is in high demand.
Why This Is So Important to Understand
In the coming months, you’re going...
The Return of Normal Seasonality for Home Price Appreciation If you’re thinking of making a move, one of the biggest questions you have right now is probably: what’s happening with home prices?
09/27/2023
Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon
You might remember the housing crash in 2008, even if you didn't own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there's good news – the housing market now is different from 2008.
Here’s a closer look at today's housing inventory to understand why this isn’t like 2008.
Homeowners Deciding To Sell Their Houses
Although housing supply did grow compared to last year, it’s still low. The current months’ supply is below the norm. There’s only about a third of that available inventory today.
Newly Built Homes
People are also talking a lot about what's going on with newly built houses these days, and that might make you wonder if homebuilders are overdoing it.
The 14 years of underbuilding is a big part of the reason why inventory is so...
Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon You might remember the housing crash in 2008, even if you didn't own a home at the time.
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