Is the Housing Market About to Crash?
Are we getting to see a real estate market correction? This question is being pondered by many experts right now, so let’s take a look at what they have to say.
Expert Predictions about the Real Estate Market
Hey, it’s your favorite bearded realtor, Eren Millam with Premiere Property Group, and I know that the future of the market will play a big role in your decision about your home, so I am here to bring you information from the experts.
Defining a Real Estate Market Correction
First off, to have a market correction we must see a decline of 10% or greater in the prices of either a security asset or financial market. Headlines are saying a lot of things about the market that cause concern and confusion, but ultimately, no, we are not seeing a market correction. But, we are seeing a change of some kind.
The Real Estate Market is Changing
Danielle Hale from Realtor.com says, “The housing market is at a turning point. We’re at a turning point. We’re starting to see signs of a new direction, but the ball is still in the sellers’ courts in most housing markets.” Generally speaking we are still seeing a sellers market, they do still have control. But with the last two years being market anomalies, we are interested to see where the market is going. And we will talk about what experts have to say about that in our next video.
Again, I’m Eren Millam with Premiere Property Group here to help with your home buying and selling needs. And remember, Extraordinary Service delivers Extraordinary Results.
If you’re thinking of buying or selling your home in the west Lewis County area, contact me today! I’d love to hear from you! Eren Millam – Managing Broker Premiere Property Group, LLC WA License No. 26933
Chehalis, WA 98532 | Centralia, WA 98531 | Adna, WA | Napavine, WA | Onalaska, WA 98570 | Rochester, WA 98579 | Vader, WA 98593 | Winlock, WA 98596 | Boistfort, WA
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