Meeting in the Middle: A Shift in the Housing Market

Posted on | November 21, 2018

There may be relief for future homebuyers yet.

It looks as though the housing market is cooling down – existing home sales were 2.4% lower in the third quarter than a year ago.

While some might see this as a downturn, housing analysts are seeing it as a “rebalancing of the market.” Meaning that the earlier 2020 prediction of the change in real estate might be shifting earlier – with a seller-advantage market morphing into a mild buyer-advantage market, homebuyers are seeing price reductions that they desperately needed.

According to Redfin, almost 29% of listings in top markets saw price drops.

If this “rebalancing” is in development, we might all see harmony within the housing market – at least, for a little while.

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