January 28, 2025 - 13:54
Last year's housing market was the least affordable since 1984. However, top real-estate analyst Ivy Zelman sees a huge silver lining for buyers. Despite the ongoing challenges posed by high home prices and elevated interest rates, there are emerging trends that could benefit hopeful homeowners.
Zelman points out that the recent slowdown in home price appreciation may provide a more favorable environment for buyers. With fewer bidding wars and a slight increase in inventory, potential homeowners have more options to choose from. This shift could lead to a more balanced market, allowing buyers to negotiate better deals and avoid the intense competition that characterized previous years.
Additionally, the easing of some economic pressures may encourage more sellers to enter the market, further increasing supply. As the dynamics of the housing market evolve, buyers may find opportunities to secure homes that were previously out of reach. While challenges remain, the current landscape offers a glimmer of hope for those looking to purchase a home.
