CLIENT LOG IN

Margo Borkin

Persistent Perserverance, Consistent Results

248-419-3160
Cell: 248-318-4776
Fax: 248-419-0930
margo@movewithmargo.com
  • Menu
  • Home
  • About
    • About Margo Borkin
    • Client Reviews
    • Margo Vs The Market
    • Professional Resume
  • Communities
    • Berkley
    • Beverly Hills
    • Bingham Farms
    • Birmingham
    • Bloomfield Hills
    • Bloomfield Township
    • Commerce Township
    • Farmigton
    • Farmington Hills
    • Ferndale
    • Franklin
    • Huntington Woods
    • Keego Harbor
    • Novi
    • Oak Park
    • Orchard Lake
    • Royal Oak
    • Southfield
    • Sylvan Lake
    • Walled Lake
    • Waterford
    • West Bloomfield
    • White Lake
    • Wixom
    • Wolverine Lake
  • Property Search
    • Address Search
    • Basic Search
    • Advanced Search
    • Map Search
  • Home Buyers
  • Home Sellers
  • Blog
  • Contact

Are We About to Enter a Buyers’ Market?

Are We About to Enter a Buyers’ Market? | Simplifying The Market

Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?

The market has definitely softened. However, according to two chief economists in the industry, we are a long way from a market that totally favors the purchaser:

Dr. Svenja Gudell, Zillow Chief Economist:

“These seller challenges don’t indicate we’re suddenly in a buyers’ market – we don’t expect market conditions to shift decidedly in favor of buyers until 2020 or later. But buyers certainly are starting to balk at the rapid rise in prices and home values are starting to grow at a less frenetic pace.”

Danielle Hale, Chief Economist of realtor.com:

“The signs are pointing to a market that’s shifting toward buyers. But, in most places, we’re still a long way from a full reversal.”

In addition, Pulsenomics Inc. recently surveyed over one hundred economists, real estate experts, and investment & market strategists and asked this question:

“When do you expect U.S. housing market conditions to shift decidedly in favor of homebuyers?”

Only 5% said the market has already shifted. Here are the rest of the survey results:

Are We About to Enter a Buyers’ Market? | Simplifying The Market

Bottom Line

The market is beginning to normalize but that doesn’t mean we will quickly shift to a market favoring the buyer. We believe Ivy Zelman, author of the well-respected ‘Z’ Report, best explained the current confusion:

“With the rate of home price appreciation starting to decelerate alongside the uptick in inventory…we expect significant debate about whether this is a bullish or bearish sign.

In our view, the short-term narrative will probably be confusing, but more sustainable growth and affordability will likely be the end result.”


Source: KMC

Posted in: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers Tagged: Real Estate

© Margo Borkin Real Estate 2010

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Post navigation

« 2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling
Buying a Home is Cheaper than Renting in 38 States! [INFOGRAPHIC] »
View on Facebook
Margo Borkin Real Estate shared Real Estate One HQ's post.
Margo Borkin Real Estate

Congratulations to our Presidents Stuart & Dan Elsea for being named to the prestigious Swanepoel Power 200 ranking of the most powerful people in real estate! #sp200 bit.ly/2MeR5sk ... See MoreSee Less

View on Facebook
·Share

Share on FacebookShare on TwitterShare on Google PlusShare on Linked InShare by Email

  • Likes: 2
  • Shares: 0
  • Comments: 0

 

Comment on Facebook

Margo Borkin Real Estate
Margo Borkin Real Estate

... See MoreSee Less

View on Facebook
·Share

Share on FacebookShare on TwitterShare on Google PlusShare on Linked InShare by Email

  • Likes: 0
  • Shares: 1
  • Comments: 0

Comment on Facebook

Margo Borkin Real Estate
Margo Borkin Real Estate

Gorgeous listing in Farmington Hills!
4 Bedrooms 2 Baths Finished Basement and an in-ground pool all on a double lot.

Learn More: margo.news/21515waldron
... See MoreSee Less

Gorgeous listing in Farmington Hills! 
4 Bedrooms 2 Baths Finished Basement and an in-ground pool all on a double lot. 

Learn More: margo.news/21515waldron
View on Facebook
·Share

Share on FacebookShare on TwitterShare on Google PlusShare on Linked InShare by Email

  • Likes: 0
  • Shares: 0
  • Comments: 0

Comment on Facebook

Load more

Blog by Category

  • Baby Boomers (7)
  • Buying Myths (37)
  • Demographics (1)
  • Down Payments (24)
  • First Time Home Buyers (275)
  • For Buyers (365)
  • For Sellers (264)
  • FSBOs (18)
  • Generation X (3)
  • Housing Market Updates (144)
  • Infographics (85)
  • Interest Rates (49)
  • Luxury Market (2)
  • Millennials (39)
  • Move-Up Buyers (316)
  • New Construction (6)
  • Pricing (73)
  • Rent vs. Buy (44)
  • Selling Myths (8)
  • Senior Market (3)
  • Uncategorized (6)
  • Weekend Wanderings (1)

Recent Posts

  • Why Homeownership Matters Now More Than Ever
  • How To List Your Home for the Best Price
  • Thinking of Selling Your House? This is a Perfect Time!
  • 5 Reasons to Love Hiring A Real Estate Pro [INFOGRAPHIC]
  • How to Get a Better Perspective on Affordability

Get Posts by E-Mail

Sign Up Below