The Future Of The Housing Market
September 17, 2021 | Exodus Realty
Will the housing market eventually crash? A September 12, 2021 article by Marco
Santarelli of Norada Real Estate Investments takes a look at the latest trends.
The Pending Home Sales Index tracks the number of homes that are under contract to
be sold, courtesy of the National Association of Realtors. This dropped 1.8% in July
from the previous month—the second straight month to decline. Year-over-year, four
U.S. regions reported a decline.
Pending sales in the Northeast region reported decreases of 6.6% monthly and 16.9%
year-over-year. While the Western Region posted an uptick in sales from last month,
sales are down 5.7% compared to a year ago.
The National Housing Report for August 2021 suggests that the market is shifting
favorably for homebuyers, as reported by realtor.com. Inventory looks to be increasing,
giving buyers more options and purchasing power.
Norada hints that the market is beginning to show signs of a shift that may eventually
result in a more balanced market.
Learn more about Norada’s Housing Market Forecast by reading Santarelli’s full article
here.