Is It RIGHT TIME To Buy A House Right Now | Housing Market



With all that is going on with this housing market is it right time to buy a house right now or should you wait longer before you buy a home. In this video, I’ll discuss the current housing market and what the near future might hold for home buyers and home sellers.

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Buyers Gaining Time and Options as Housing Market Rebalances (July Market Report)

U.S. home values fell 0.1% from June to July, the first decline in the raw Zillow Home Value Index since 2012. Home values fell last month in 30 of the 50 largest metro areas, but are still up 16% from a year ago.

Rising inventory is being driven by homes lingering on the market and new listings trailing pre-pandemic levels. It took 10 days for a listing to go pending in July, two days longer than in June.
Rent appreciation is slowing, but the growth rate remains much higher than pre-pandemic levels
After two years of unprecedented growth, national home values fell slightly month-over-month for the first time since 2012, the year home values hit a trough after the housing bubble and bust of the aughts.

While July’s housing market data update is big news, and could get first-time buyers’ hopes up, the future is unlikely to bring meaningful improvement to housing affordability.

Click on the link to read Zillow article –

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Is now a good time to buy real estate