{"id":3670,"date":"2021-10-12T10:28:22","date_gmt":"2021-10-12T17:28:22","guid":{"rendered":"https:\/\/skyrisere.com\/listings\/?p=3670"},"modified":"2021-10-12T10:28:22","modified_gmt":"2021-10-12T17:28:22","slug":"is-the-housing-market-slowing-down","status":"publish","type":"post","link":"https:\/\/skyrisere.com\/listings\/2021\/10\/12\/is-the-housing-market-slowing-down\/","title":{"rendered":"IS THE HOUSING MARKET SLOWING DOWN?"},"content":{"rendered":"

After another crazy year of record-breaking numbers for real estate, everyone is wondering the same thing: is the housing market slowing down?<\/p>\n

Media chatter of foreclosure crises and housing bubbles has dominated the news for months. More likely than not, you and your clients may be feeling a little confused about what lies ahead.\u00a0<\/p>\n

In times like these, it\u2019s important to remember this: context is everything.\u00a0<\/p>\n

So, here\u2019s what you need to know so you can help your clients navigate the current market with confidence.\u00a0<\/p>\n

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

There\u2019s no denying that today\u2019s housing market is anything but normal.<\/a> <\/p>\n

Seemingly overnight, the Millennial generation, long known for putting its buying plans on hold, was ready to become homeowners.<\/p>\n

And as more young people started buying homes, flooding cities across the country with record-high buyer traffic, there was one hang-up: there wasn\u2019t enough inventory to match their demands.<\/p>\n

That inequality in the market is the root cause of the price appreciation that has many worried we\u2019re in another \u201chousing bubble.\u201d But unlike 2008, the rise in home values was warranted. It wasn\u2019t price inflation. It was price appreciation<\/a> caused by simple economics: a lack of supply and high demand.<\/p>\n

Today, economists are noticing a softening in the market but nothing that should alarm potential buyers or sellers.<\/p>\n

That doesn\u2019t mean it\u2019s crashing. It means that it\u2019s finally levelling out to a more normal market.<\/p>\n

Like any other year, buyer traffic peaked in May and April (the spring market) and is slowing as summer ends. However, it\u2019s important to note that those levels remain similar to where we were one year ago.<\/p>\n

This is great news for both buyers and sellers. As competition slowly declines and inventory levels rise<\/a> , experts project a steady softening of the steep price appreciation we\u2019ve seen in the past year.<\/p>\n

Bottom Line<\/h2>\n

There are two key factors to pull in when trying to translate complex industry insights to buyers and sellers: context and confidence.<\/p>\n

And as the market continues to shift, sparking confusion and hesitance across the nation, being educated in the market becomes more important.<\/p>\n

Making sure you have the full picture is what we do at Skyrise Real Estate Group, keeping your best interest in mind.<\/p>\n ","protected":false},"excerpt":{"rendered":"

After another crazy year of record-breaking numbers for real estate, everyone is wondering the same thing: is the housing market slowing down? Media chatter of foreclosure crises and housing bubbles has dominated the news for months. More likely than not, you and your clients may be feeling a little confused about what lies ahead.\u00a0 In […]<\/p>\n","protected":false},"author":2,"featured_media":3673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","entry","has-media"],"yoast_head":"\nIS THE HOUSING MARKET SLOWING DOWN? - Skyrise Real Estate Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/skyrisere.com\/listings\/2021\/10\/12\/is-the-housing-market-slowing-down\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IS THE HOUSING MARKET SLOWING DOWN? - Skyrise Real Estate Group\" \/>\n<meta property=\"og:description\" content=\"After another crazy year of record-breaking numbers for real estate, everyone is wondering the same thing: is the housing market slowing down? 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