Don’t Be Fooled by Dramatic Headlines: The Housing Market Isn’t Crashing, It’s Just Shifting

It’s easy to get swept up by headlines screaming “market crash!” but the reality is far more balanced. The housing market is simply slowing from its previous frenetic pace—not collapsing. Here’s what you need to know:

  • Demand remains strong.

  • Inventory is still tight.

  • Home prices continue to rise.

In fact, nearly 40% of homes are still selling at full list price, according to the National Association of Realtors.

Why Are Some Homes Selling for More Than Others?

When sellers ask, “Why did my neighbor get more for their home?” there’s more to the story than meets the eye. Consider:

  • Square footage, location, and condition — all obvious factors.

  • Timing — your neighbor may have sold when there were fewer homes competing (say 3 vs. 17 now).

  • Interest rates — rates were roughly 3% lower just 60 days ago, making buyers more eager then.

Know Your Options as a Buyer or Seller

Mortgage structures and government programs like FHA and VA loans offer many opportunities. Sellers might help buyers by:

  • Paying points so buyers can lock in a lower interest rate.

  • Covering six months of HOA dues.

  • Being open to adjustable-rate mortgages, especially for short-term buyers.

Additional Strategies to Explore

Ask your agent about:

  • i-Buyer programs

  • Bridge loans

  • Financing for staging

  • Rent-to-own options

The Big Picture: Inventory & Buyer Sentiment

Freddie Mac estimates we’re about 3 million homes short of meeting buyer demand nationwide.

A recent study from Grand Canyon University found that homeownership ranks higher than marriage or having children among postgraduate students — showing just how important owning a home remains.

Tired of Rising Rent?

Lock in a fixed-rate mortgage and gain control over your housing costs.

Long-Term Outlook

Homeowners who hold onto their property for 10+ years have a 93% chance of selling it for more than they paid.

Remember:

A market correction means prices may adjust downward somewhat—but this is very different from a market crash.

The housing market remains resilient and full of opportunity for both buyers and sellers who are informed and prepared.

https://www.forbes.com/sites/qai/2022/10/16/housing-market-crash-2022-what-to-expect-as-interest-rates-rise/?sh=1f6ee33b120d


Location: Chambersburg, PA 17201, USA

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