Forecasting the Spring Real Estate Market: Insights from Industry Experts

The current housing market has been experiencing a lot of changes, leading to uncertainty about what to expect in the coming months. Homebuyers and sellers may be curious about the possibility of more homes being listed, what the future holds for home prices and mortgage rates, and what advice industry experts have to offer.

To help provide some clarity, here's a summary of what industry experts are saying about the spring housing market and how it may affect you.

Selma Hepp, Chief Economist, CoreLogic:
We see more competition among buyers . . . Housing supply also tends to grow during the spring months. And this is also the time of year when relatively more migration happens, as people graduate and move elsewhere looking for jobs.”
Greg McBride, Chief Financial Analyst, Bankrate:
“I don’t expect big moves in prices in the span of a month, but like the flower buds of spring, the housing market is showing signs of improvement. A pick up in activity with inventory still low does bode well for home prices.”
Rick Sharga, Founder and CEO, CJ Patrick Company:
If you can find a home you love and can afford at today’s prices, don’t wait. 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.” 
Jeff Tucker, Senior Economist, Zillow:
“The market is still much friendlier this spring for buyers who can overcome affordability hurdles, but buyers are going to see more competition than they might expect because there are not many homes on the market to go around. New listings are increasing, which they almost always do this time of year, but not nearly as quickly as usual.”

Bottom Line

If you’re thinking about selling your house, this spring’s a great time to do so while inventory 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, let’s connect to make sure you’re able to navigate the spring housing market with confidence.

2352 Properties
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$375,000
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3
Beds
2
Baths
1,174
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1973
Year Built
1
Day on Site
A4607601
MLS
$610,000
Neighborhood: Sandhill Preserve
2
Beds
2
Baths
1,866
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2014
Year Built
1
Day on Site
A4607239
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$474,999
Neighborhood: South Gate Manor
3
Beds
2
Baths
1,409
Sq.Ft.
1962
Year Built
1
Day on Site
A4605516
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$2,385,000
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3
Beds
4
Baths
3,553
Sq.Ft.
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Year Built
1
Day on Site
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$660,000
Neighborhood: South Gate
3
Beds
2
Baths
1,675
Sq.Ft.
1963
Year Built
1
Day on Site
T3518506
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Open 4/21
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$297,900
Neighborhood: Casa Del Sol Sec I
2
Beds
2
Baths
1,003
Sq.Ft.
1988
Year Built
1
Day on Site
A4607331
MLS
$325,000
Neighborhood: Parkridge Ph 33 & 19
2
Beds
2
Baths
1,036
Sq.Ft.
2005
Year Built
1
Day on Site
A4607660
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$450,000
Neighborhood: Sienna Park Twnhms/University
3
Beds
2F11/2
Baths
1,910
Sq.Ft.
2021
Year Built
1
Day on Site
N6132457
MLS
$1,125,000
Neighborhood: The 101 F/K/A Dolphin Tower
2
Beds
2
Baths
1,390
Sq.Ft.
1974
Year Built
1
Day on Site
A4607728
MLS
$244,900
Neighborhood: Village Gardens Ph 1
2
Beds
2
Baths
966
Sq.Ft.
1981
Year Built
1
Day on Site
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$329,900
Neighborhood: Sarasota Spgs
2
Beds
1
Baths
768
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1960
Year Built
1
Day on Site
A4607763
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Neighborhood: Skye Ranch Nbrhd 4 North
3
Beds
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1
Day on Site
A4607770
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