{"id":322,"date":"2018-10-05T00:22:12","date_gmt":"2018-10-05T00:22:12","guid":{"rendered":"http:\/\/renwre.info\/2018\/10\/05\/are-we-about-to-enter-a-buyers-market\/"},"modified":"2018-10-05T00:22:12","modified_gmt":"2018-10-05T00:22:12","slug":"are-we-about-to-enter-a-buyers-market","status":"publish","type":"post","link":"http:\/\/renwre.info\/?p=322","title":{"rendered":"Are We About to Enter a Buyers\u2019 Market?"},"content":{"rendered":"
\n

\"Are<\/p>\n

Home sales are below last year\u2019s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers\u2019 market after sellers have had the upper hand for the past several years. Is this really happening?<\/span><\/p>\n

The market has definitely softened. However, according to two chief economists in the industry, we are a long way from a market that totally favors the purchaser:<\/p>\n

Dr. Svenja Gudell, Zillow Chief Economist<\/em><\/a>:<\/h4>\n
\n

\u201cThese seller challenges don\u2019t indicate we\u2019re suddenly in a buyers\u2019 market \u2013 we don\u2019t 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.\u201d<\/em><\/p>\n<\/blockquote>\n

Danielle Hale, Chief Economist of realtor.com<\/em><\/a>:<\/h4>\n
\n

\u201cThe signs are pointing to a market that\u2019s shifting toward buyers. But, in most places, we\u2019re still a long way from a full reversal.\u201d<\/em><\/p>\n<\/blockquote>\n

In addition, Pulsenomics Inc.<\/em> recently surveyed over one hundred economists, real estate experts, and investment & market strategists and asked this question:<\/p>\n

\n

\u201cWhen do you expect U.S. housing market conditions to shift decidedly in favor of homebuyers?\u201d<\/em><\/p>\n<\/blockquote>\n

Only 5% said the market has already shifted. Here are the rest of the survey results:<\/p>\n

\"Are<\/a><\/p>\n

Bottom Line<\/strong><\/h3>\n

The market is beginning to normalize but that doesn\u2019t mean we will quickly shift to a market favoring the buyer. We believe Ivy Zelman, author of the well-respected \u2018Z\u2019 Report,<\/em> best explained the current confusion:<\/p>\n

\n

\u201cWith the rate of home price appreciation starting to decelerate alongside the uptick in inventory\u2026we expect significant debate about whether this is a bullish or bearish sign. <\/em><\/p>\n

In our view, the short-term narrative will probably be confusing, but more sustainable growth and affordability will likely be the end result.\u201d<\/em><\/p>\n<\/blockquote>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Home sales are below last year\u2019s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers\u2019 market after sellers have had the upper Continue reading Are We About to Enter a Buyers\u2019 Market?<\/span>→<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/posts\/322"}],"collection":[{"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=322"}],"version-history":[{"count":0,"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/posts\/322\/revisions"}],"wp:attachment":[{"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=322"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}