If you’re looking to buy a home right now, one of your biggest concerns might be about the state of home prices. It’s understandable that there’s a lot of confusion and uncertainty surrounding this topic. One reason for this confusion is how the media talks about home prices.
The media tends to focus on negative news by comparing the current stats to the unusually high prices we saw in the past. But it’s not fair to compare today’s prices to those “unicorn” years when home prices hit record levels. The truth is, we’re now seeing a return to more typical home price appreciation, which is a positive sign of a healthier market.
Despite some cooling in housing markets and recent increases in interest rates, there’s still a strong demand from buyers. This demand is largely driven by the fact that there aren’t enough homes available for sale in many areas.
If you’re selling your house, don’t worry too much about the market. It’s still quite active, and if your home is in good shape and priced reasonably, there are buyers out there looking to make a purchase right now. On the other hand, if you’re in the market to buy, don’t get discouraged. There are still options available, even if the market has changed a bit.
Remember, the media tends to exaggerate things, and it’s easy to get scared by their negative headlines. But the reality is, the housing market is still bustling, and there are opportunities for both buyers and sellers. If you want accurate information about home prices in your area, reach out to a trusted real estate professional who can guide you through the process. Stay informed and make decisions based on reliable advice.