👀 Despite the news headlines about "rising inventory", "rising rates", and a "Housing Recession," we're actually seeing a shift in the media.⁠..
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Some are calling the housing market balanced now.⁠
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But we still have 42.6% less inventory compared to 2019... that's why many experts are saying this:⁠
⁠
"𝙄 𝙙𝙤𝙣’𝙩 𝙩𝙝𝙞𝙣𝙠 𝙣𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙝𝙤𝙪𝙨𝙞𝙣𝙜 𝙥𝙧𝙞𝙘𝙚𝙨 𝙬𝙞𝙡𝙡 𝙙𝙚𝙘𝙡𝙞𝙣𝙚 𝙞𝙣 𝙖 𝙢𝙚𝙖𝙣𝙞𝙣𝙜𝙛𝙪𝙡 𝙬𝙖𝙮… 𝙗𝙪𝙩 𝙩𝙝𝙚𝙧𝙚 𝙬𝙞𝙡𝙡 𝙗𝙚 𝙨𝙤𝙢𝙚 𝙥𝙧𝙞𝙘𝙚 𝙙𝙚𝙘𝙡𝙞𝙣𝙚𝙨 𝙖𝙘𝙧𝙤𝙨𝙨 𝙩𝙝𝙚 𝙘𝙤𝙪𝙣𝙩𝙧𝙮." ⁠
- Mark Zandi Moody Analytics⁠
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"𝘼𝙣𝙣𝙪𝙖𝙡 𝙝𝙤𝙢𝙚 𝙥𝙧𝙞𝙘𝙚 𝙜𝙧𝙤𝙬𝙩𝙝 𝙙𝙧𝙤𝙥𝙥𝙚𝙙 𝙗𝙮 𝙣𝙚𝙖𝙧𝙡𝙮 𝙩𝙬𝙤 𝙥𝙚𝙧𝙘𝙚𝙣𝙩𝙖𝙜𝙚 𝙥𝙤𝙞𝙣𝙩𝙨… 𝙩𝙝𝙚 𝙜𝙧𝙚𝙖𝙩𝙚𝙨𝙩 𝙨𝙞𝙣𝙜𝙡𝙚-𝙢𝙤𝙣𝙩𝙝 𝙨𝙡𝙤𝙬𝙙𝙤𝙬𝙣 𝙤𝙣 𝙧𝙚𝙘𝙤𝙧𝙙 𝙨𝙞𝙣𝙘𝙚 𝙖𝙩 𝙡𝙚𝙖𝙨𝙩 𝙩𝙝𝙚 𝙚𝙖𝙧𝙡𝙮 1970𝙨. ⁠
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𝙒𝙝𝙞𝙡𝙚 𝙩𝙝𝙚 𝙨𝙡𝙤𝙬𝙙𝙤𝙬𝙣 𝙬𝙖𝙨 𝙧𝙚𝙘𝙤𝙧𝙙-𝙗𝙧𝙚𝙖𝙠𝙞𝙣𝙜, 𝙝𝙤𝙢𝙚 𝙥𝙧𝙞𝙘𝙚 𝙜𝙧𝙤𝙬𝙩𝙝 𝙬𝙤𝙪𝙡𝙙 𝙣𝙚𝙚𝙙 𝙩𝙤 𝙙𝙚𝙘𝙚𝙡𝙚𝙧𝙖𝙩𝙚 𝙖𝙩 𝙩𝙝𝙞𝙨 𝙥𝙖𝙘𝙚 𝙛𝙤𝙧 𝙨𝙞𝙭 𝙢𝙤𝙧𝙚 𝙢𝙤𝙣𝙩𝙝𝙨 𝙩𝙤 𝙙𝙧𝙞𝙫𝙚 𝙖𝙣𝙣𝙪𝙖𝙡 𝙖𝙥𝙥𝙧𝙚𝙘𝙞𝙖𝙩𝙞𝙤𝙣 𝙗𝙖𝙘𝙠 𝙩𝙤 5%, 𝙖 𝙧𝙖𝙩𝙚 𝙢𝙤𝙧𝙚 𝙞𝙣 𝙡𝙞𝙣𝙚 𝙬𝙞𝙩𝙝 𝙡𝙤𝙣𝙜-𝙧𝙪𝙣 𝙖𝙫𝙚𝙧𝙖𝙜𝙚𝙨." ⁠
- Black Knight⁠
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What this means is home price growth slowed but it's not negatively declining. And since fear has been dissolving, buyers are returning to the market.⁠
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Mortgage rates are settling and new loan products are being introduced creating new opportunities for buyers.⁠
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Even though the market has shifted, everyone seems to be adjusting to the change well.❤️

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Maynard Wagner - Broker, CPA, MBA
Wagner Real Estate Group
RE/MAX Northwest
300 NE 97th Street
Seattle, WA 98115
📲 206-369-8201
📧 maynard@mwagnerteam.com
💻 www.mwagnerhomes.com/

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