What Experts Are Saying About The Fall Housing Market

Posted by Lainey Jones on Tuesday, October 18, 2022 at 3:30 PM By Lainey Jones / October 18, 2022 Comment

The housing market is cooling down from the peak frenzy we saw over the past two years. That can raise many questions for people that are thinking about buying or selling.

To help you make a confident decision, lean on the professionals for insights. We are here to guide you every step of the way. Here are a few things experts are saying about the fall housing market.

Expert Quotes for Fall Homebuyers

A recent article from realtor.com:

“This fall, a more moderate pace of home selling, more listings to choose from, and softening price growth will provide some breathing room for buyers searching for a home during what is typically the best time to buy a home.”

Michael Lane, VP and General Manager, ShowingTime:

“Buyers will continue to see less competition for homes and have more time to tour homes they like and consider their options.”

Expert Quotes for Fall Sellers

Selma Hepp, Interim Lead of the Office of the Chief Economist, CoreLogic:

“. . . record equity continues to provide fuel for housing demand, particularly if households are relocating to more affordable areas.”

Danielle Hale, Chief Economist, realtor.com:

“For homeowners deciding whether to make a move this year, remember that listing prices – while lower than a few months ago – remain higher than in prior years, so you’re still likely to find opportunities to cash-in on record-high levels of equity, particularly if you’ve owned your home for a longer period of time.”

Bottom Line

Mortgage rates, home prices, and the supply of homes for sale are top of mind for buyers and sellers today. As real estate professionals we are here to help answer any of your questions and guide you in the right direction. We also have business partners that we can connect you with in lending and financial planning that can help you understand your financial situation.