IS A BUYERS MARKET COMING TO MARYLAND

Dated: 10/04/2018

Views: 205

Image title

On a National Level: real estate market indicates home sales and values are appreciating at a slower pace as well as there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market, on a National Level, after sellers have had the upper hand for the past several years. Is this really happening?   Although the market isn't as cut throat, we are a long way from a market that totally favors the purchaser: 

Dr. Svenja Gudell, Zillow Chief Economist:

“These seller challenges don’t indicate we’re suddenly in a buyers’ market – we don’t expect market conditions to shift decidedly in favor of buyers until 2020 or later. But buyers certainly are starting to balk at the rapid rise in prices and home values are starting to grow at a less frenetic pace.”


Danielle Hale, Chief Economist of realtor.com:

"The signs are pointing to a market that’s shifting toward buyers. But, in most places, we’re still a long way from a full reversal.” 

Furthermore, Pulsenomics Inc. recently surveyed over one hundred economists, real estate experts, and investment & market strategists and asked this question:

“When do you expect U.S. housing market conditions to shift decidedly in favor of homebuyers?”


Only 5% said the market has already shifted. 

Image title



Bottom Line:

The market is beginning to NORMALIZE but that doesn’t mean we will quickly shift to a market favoring the buyer. We believe Ivy Zelman, author of the well-respected ‘Z’ Report, best explained the current confusion:

“With the rate of home price appreciation starting to decelerate alongside the uptick in inventory…we expect significant debate about whether this is a bullish or bearish sign.

In our view, the short-term narrative will probably be confusing, but more sustainable growth and affordability will likely be the end result.”


Regardless how or when the market shifts, Team Caropreso is always here to answer all of your Real Estate questions.  

Call Today for a FREE consultation!

Blog author image

Vince Caropreso

Being the CEO and Team Leader of Team Caropreso, Vince specializes in Listings, Marketing, REO/Foreclosures,Short Sales and working with Investors. With 18 years of experience and selling over 700 hom....

Latest Blog Posts

Can You Save Green By Going Solar

CanYou Save Green By Going Solar? As spring begins to really set in across the country a lot of homeowners are finally getting out into the yard and garden, soaking up the sun’s rays.

Read More

5 Tips To Saving Green Long Term With Green Home Updates

Making Your Home Green to Save MoneyBefore you can improve your home’s efficiency, you’re going to have to know where your home is under performing.  Is the attic lacking insulation?

Read More

Is A Green Home Worth More

Welcome to our March Series which is exploring Green Homes!Unless you have been hiding under a rock, there is a large movement towards building Green Homes and renovating older homes that are Green

Read More

5 WAYS TO MAKE BUYERS FALL IN LOVE WITH YOUR HOME

It’s clichéd, but it’s true — you never get a second chance to make a first impression! Before your home hits the market, it may need a little face lift. We know you love your home (it’s

Read More