Understanding Today’s Housing Market

It seems that everyone claims to “know a little something” about real estate. From your Mother’s cousin’s friend, who had her license 20 years ago, to the TV talking heads, who last week told you how much life insurance you should have, opinions about the housing market abound.

That’s why it’s important to get the advice of industry professionals, who can be your guide throughout the process.

Real estate experts use their knowledge of what’s really happening with home prices, housing supply, etc. to give you the best advice. Someone who can provide clarity like that is critical right now.

Jay Thompson, Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending gloom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.”

Unfortunately, when information in the media isn’t clear, it can generate a lot of fear and uncertainty. As Jason Lewris, Co-Founder and Chief Data Officer at Parcl, says “In the absence of trustworthy, up-to-date information, real estate decisions are increasingly being driven by fear, uncertainty, and doubt.”

But it doesn’t have to be that way. Buying a home is a big decision, and it should be one you feel confident making. You can lean on an expert to help you separate fact from fiction and get the answers you need.

We’re local experts who understand what’s happening here and can debunk headlines using data you can trust. We have in-depth knowledge of the industry and can provide context, so you know how local trends compare to the normal ebbs and flows in the industry, past history, and more.

Currently there’s a little more than a month’s supply of inventory on Cape Cod. Prices are up just 2.3% from a year ago. This is good news for both sellers (lack of competition, if you market your home now) and buyers (prices are holding pretty much steady, as are mortgage interest rates.)

There’s never a perfect time to buy or sell a home. But the house that is already too small is only going to get smaller as your family grows. If your home is too big now because the kids have moved out, it’s only going to get bigger as you use fewer and fewer rooms.

Making a move is a potentially life-changing milestone. It should be something you feel excited about. We can provide you with the best available information to make your decision. Let”s connect at 508-360-5664 or [email protected].

Talk soon…

Mari and Hank