Is there a shift happening in the real estate market? Yes, and here’s why.
First, the number of houses for sale has increased for the first time in three years. As a result, how quickly your home goes up in value might slow down.
According to Mark Fleming, the chief economist at First American, “We’re seeing the first indications that price appreciation may be slowing, but the underlying fundamental housing market conditions support a natural moderation of house prices rather than a sharp decline.”
If you’d like to know more about our shifting market and what it means for you, don’t hesitate to reach out to us by phone or email. We’d love to help you.