![]() The market has definitely softened. However, according to two chief economists in the industry, we are a long way from a market that totally favors the purchaser: Dr. Svenja Gudell, Zillow Chief Economist:
Danielle Hale, Chief Economist of realtor.com:
In addition, Pulsenomics Inc. recently surveyed over one hundred economists, real estate experts, and investment & market strategists and asked this question:
Only 5% said the market has already shifted. Here are the rest of the survey results: Bottom LineThe market is beginning to normalize but that doesn’t mean we will quickly shift to a market favoring the buyer. We believe Ivy Zelman, author of the well-respected ‘Z’ Report, best explained the current confusion:
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Are We About to Enter a Buyers’ Market?
Written by Kevin Riffle on . Posted in First Time Home Buyers, Home Buyers, Housing Market Update
Tags: Annapolis homes, Anne Arundel County homes, Baby Boomers, Buying Myths, Housing Market Update, MD home sales, Millennials, Move-up Buyers, Queen Annes County Homes for Sale, real estate
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