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Will the Housing Market Bloom This Spring?

Will the Housing Market Bloom This Spring?

Will the Housing Market Bloom This Spring? | MyKCM

Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very different from the spring we experienced at this time last year. Here’s what a few industry experts have to say about the housing market and how it will bloom this season.

Danielle Hale, Chief Economist, realtor.com:

“Despite early weakness, we expect to see new listings grow in March and April as they traditionally do heading into spring, and last year’s extraordinarily low new listings comparison point will mean year over year gains. One other potential bright spot for would-be homebuyers, new construction, which has risen at a year over year pace of 20% or more for the last few months, will provide additional for-sale inventory relief.”

Ali Wolf, Chief Economist, Zonda:

“Some people will feel comfortable listing their home during the first half of 2021. Others will want to wait until the vaccines are widely distributed. This suggests more inventory will be for sale in late 2021 and into the spring selling season in 2022.”

Freddie Mac:

“Since reaching a low point in January, mortgage rates have risen by more than 30 basis points… However, the rise in mortgage rates over the next couple of months is likely to be more muted in comparison to the last few weeks, and we expect a strong spring sales season.”

Mark Fleming, Chief Economist, First American:

“As the housing market heads into the spring home buying season, the ongoing supply and demand imbalance all but assures more house price growth…Many find it hard to believe, but housing is actually undervalued in most markets and the gap between house-buying power and sale prices indicates there’s room for further house price growth in the months to come.”

Bottom Line

The experts are very optimistic about the housing market right now. If you pressed pause on your real estate plans over the winter, let’s chat to determine how you can re-engage in the homebuying process this spring.

By Quality Home Developers-David Michael

Taking the real estate market by storm, I graduated with a Masters of Business Administration (MBA) in Finance from Nova Southeastern University. I own a real estate development company, which specializes in building new construction homes, as well as purchasing and rehabbing distressed properties.
As a developer, I am involved in every stage of the project including acquisition. My team understands the importance of finishing every house completely so my clients move in without worrying more than they already have during the closing process. There is no substitution for quality. I want to ensure that my quality made homes are handed over with in perfection to my clients.
In my first year as a Realtor, I succeeded in producing, transactions valued over 4.8 million dollars. In 2016, I went on to obtain the Short Sales and Foreclosures Resource certification (SFR). I have received the top ten highest grossing realtor every year since I started with Coldwell Banker. Recently, I obtained my Accredited Buyers Representative (ABR) and Senior Real Estate Specialist (SRES) designations. To better provide service my clientele I obtained my Pricing Strategy Advisor Certification which further enhances my skill of pricing properties whether as a Realtor or a developer..
As a result of my experience as a developer and Realtor, I am able to tend and pay attention to the details of the buying and selling process. My designations provide me the curated ability to service my buyer and sellers on a superior level.
Because I treat every client with dedication and enthusiasm, I continue to be an distinguished developer and accomplished agent with many satisfied buyers and sellers. I leave no stone unturned in ensuring the most thorough real estate transaction process for my clients.

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