Selling a House? Here Is What the Market Looks Like In the USA (Part 4 of 6)

The Fear of Future

The housing market is always riddled with uncertainty. Even these uncertainties favor either the buyers or the sellers.

As for sellers, housing prices are unaffected by the gradual rise in inventory. If new homes continue to be constructed at the same rate, it will eventually become more difficult for you to sell your property. The buyers will have more choices and options, and sellers will have to decrease the prices to sell.

On the flip side, buyers are also in a similar dilemma. Mortgage rates don’t seem to slow down and the feds have shown no intention of bringing them down in the near future. As a matter of fact, mortgage rates are expected to rise by 5 percent in 2019. Shall the interest rates rise, most buyers can no longer afford a home despite the increasing inventory and negotiable housing prices.

Due to these uncertainties, many buyers will buy a home right now rather than waiting for the situation to worsen.