What Are the Experts Saying About the Spring Housing Market?

The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with [home prices](https://www.simplifyingthemarket.com/2023/04/05/why-arent-home-prices-crashing/?a=550432-7d0dd2250a392515b4ab3273bfa644ce) and [mortgage rates](https://www.simplifyingthemarket.com/2023/04/03/how-changing-mortgage-rates-can-affect-you/?a=550432-7d0dd2250a392515b4ab3273bfa644ce), or what the best advice is for someone in your position right now. Here’s what industry experts are saying right now about the spring housing market and what it means for you: ##### [**Selma Hepp**](https://www.bankrate.com/real-estate/housing-market-predictions/#updates)**, 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**](https://www.marketwatch.com/picks/after-seven-straight-months-of-home-price-declines-heres-what-6-economists-and-real-estate-pros-say-to-expect-from-the-housing-market-this-spring-df79d2c3)**, 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**](https://www.bankrate.com/real-estate/housing-trends/#differ)**, 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**](https://www.marketwatch.com/picks/after-seven-straight-months-of-home-price-declines-heres-what-6-economists-and-real-estate-pros-say-to-expect-from-the-housing-market-this-spring-df79d2c3)**, 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.”_ ### SBottom Line If you’re thinking about [selling](https://www.simplifyingthemarket.com/2023/04/13/want-to-sell-your-house-this-spring-price-it-right/) your house, this spring’s a great time to do so while [inventory](https://www.simplifyingthemarket.com/2023/04/11/the-big-advantage-if-you-sell-this-spring/) 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, work with a real estate agent to make sure you’re able to navigate the spring housing market with confidence. Posted in [For Buyers](https://cherylbowerrealestate.com/category/for-buyers/), [For Sellers](https://cherylbowerrealestate.com/category/for-sellers/), [Housing Market Updates](https://cherylbowerrealestate.com/category/housing-market-updates/), [Interest Rates](https://cherylbowerrealestate.com/category/interest-rates/), [Pricing](https://cherylbowerrealestate.com/category/pricing/)