What Are the Experts Saying About the Spring Housing Market?

<article class="post-676792 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-676792"><span class="entry-date">April 25, 2023</span><div class="entry-header center-block text-center"><h1 class="entry-title">What Are the Experts Saying About the Spring Housing Market?</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=What+Are+the+Experts+Saying+About+the+Spring+Housing+Market%3F&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fwhat-are-the-experts-saying-about-the-spring-housing-market%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="What Are the Experts Saying About the Spring Housing Market? Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/20230425-what-are-the-experts-saying-about-the-spring-housing-market.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width="358"/>
<p>The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with <a href="https://www.simplifyingthemarket.com/2023/04/05/why-arent-home-prices-crashing/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" style="color: rgb(5, 99, 193);" target="_blank">home prices</a> and <a href="https://www.simplifyingthemarket.com/2023/04/03/how-changing-mortgage-rates-can-affect-you/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" style="color: rgb(5, 99, 193);" target="_blank">mortgage rates</a>, or what the best advice is for someone in your position right now.</p>
<p>Here’s what industry experts are saying right now about the spring housing market and what it means for you:</p>
<h5><a href="https://www.bankrate.com/real-estate/housing-market-predictions/#updates" rel="noopener noreferrer" style="color: rgb(5, 99, 193);" target="_blank"><strong>Selma Hepp</strong></a><strong>, Chief Economist, <em>CoreLogic</em>:</strong></h5>
<blockquote><p><em>“</em><strong><em>We see more competition among buyers . . . Housing supply also tends to grow during the spring months.</em></strong><em> And this is also the time of year when relatively more migration happens, as people graduate and move elsewhere looking for jobs.”</em></p></blockquote>
<h5><a href="https://www.marketwatch.com/picks/after-seven-straight-months-of-home-price-declines-heres-what-6-economists-and-real-estate-pros-say-to-expect-from-the-housing-market-this-spring-df79d2c3" rel="noopener noreferrer" style="color: rgb(5, 99, 193);" target="_blank"><strong>Greg McBride</strong></a><strong>, Chief Financial Analyst, <em>Bankrate</em>:</strong></h5>
<blockquote><p><em>“I don’t expect big moves in prices in the span of a month, but like the flower buds of spring, </em><strong><em>the housing market is showing signs of improvement</em></strong><em>. A pick up in activity with inventory still low does bode well for home prices.”</em></p></blockquote>
<h5><a href="https://www.bankrate.com/real-estate/housing-trends/#differ" rel="noopener noreferrer" style="color: rgb(5, 99, 193);" target="_blank"><strong>Rick Sharga</strong></a><strong>, Founder and CEO, <em>CJ Patrick Company</em>:</strong></h5>
<blockquote><p><em>“</em><strong><em>If you can find a home you love and can afford at today’s prices, don’t wait</em></strong><em>. Home prices in most of the country are unlikely to crash, and mortgage rates will only come down very gradually if they decline at all this year.”</em><strong> </strong></p></blockquote>
<h5><a href="https://www.marketwatch.com/picks/after-seven-straight-months-of-home-price-declines-heres-what-6-economists-and-real-estate-pros-say-to-expect-from-the-housing-market-this-spring-df79d2c3" rel="noopener noreferrer" style="color: rgb(5, 99, 193);" target="_blank"><strong>Jeff Tucker</strong></a><strong>, Senior Economist, <em>Zillow</em>:</strong></h5>
<blockquote><p><em>“The market is still much friendlier this spring for buyers who can overcome affordability hurdles, but </em><strong><em>buyers are going to see more competition than they might expect because there are not many homes on the market to go around.</em></strong><em> New listings are increasing, which they almost always do this time of year, but not nearly as quickly as usual.”</em></p></blockquote>
<h3>SBottom Line</h3>
<p>If you’re thinking about <a href="https://www.simplifyingthemarket.com/2023/04/13/want-to-sell-your-house-this-spring-price-it-right/" rel="noopener noreferrer" style="color: rgb(5, 99, 193);" target="_blank">selling</a> your house, this spring’s a great time to do so while <a href="https://www.simplifyingthemarket.com/2023/04/11/the-big-advantage-if-you-sell-this-spring/" rel="noopener noreferrer" style="color: rgb(5, 99, 193);" target="_blank">inventory</a> is still so low. And if you’re in a good position to buy, lean on your team of expert advisors for the best advice. Whatever your plans, work with a real estate agent to make sure you’re able to navigate the spring housing market with confidence.</p>
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