Home Prices Are Not Falling

by Carole Hiu Miller | Oct 3, 2023 | Housing Market Updates, Pricing, Seller, Selling Myths

During the fourth quarter of last year, some housing experts projected home prices were going to crash in 2023. The media ran with those forecasts and put out headlines calling for doom and gloom in the housing market. All of this negative news coverage made a lot of...

Home Price Forecasts Revised for 2023 [INFOGRAPHIC]

by Carole Hiu Miller | Sep 8, 2023 | Infographic, Pricing

Some Highlights Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low. While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no...

Expert Home Price Forecasts Revised Up for 2023

by Carole Hiu Miller | Sep 5, 2023 | Housing Market Updates, Pricing

Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. But the...

Why Median Home Sales Price Is Confusing Right Now

by Carole Hiu Miller | Aug 21, 2023 | Buyer & Seller, Housing Market Updates, Pricing

The National Association of Realtors (NAR) is set to release its most recent Existing Home Sales (EHS) report tomorrow. This monthly release provides information on the volume of sales and price trends for homes that have previously been owned. In the upcoming...

People Want Less Expensive Homes – And Builders Are Responding

by Carole Hiu Miller | Aug 17, 2023 | Buyer, Pricing

In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory. To overcome those challenges, many people are working...

Housing Market Forecast for the Rest of 2023 [INFOGRAPHIC]

by Carole Hiu Miller | Aug 4, 2023 | Buyer & Seller, Housing Market Updates, Infographic, Interest Rates, Pricing

Some Highlights Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth. Where mortgage rates go for the rest of the year will depend on...