When Will Home Prices Drop? Insights into Real Estate Market Trends

We’ve all been waiting and wondering what will happen to the real estate market over the next few months. With interest rates still high, compared to pandemic-era rates, will home prices begin to come down?

The answer is complicated. Realtor.com asked 6 economists whether or not they predict that home prices will drop, and if so, when. Overall, the prediction is that we will see a slight drop, but nothing drastic. In addition, home buying demand is drying up as many aspiring homeowners have decided purchasing a home is simply unaffordable.

However, it’s important to note that these are nationwide, general predictions.

My anecdotal take on what’s happening in the local Seacoast NH real estate market is that home prices remain strong. In addition, the homebuyers I am working with are either relocating, downsizing, or navigating through some other life experience that prompts them to buy or sell their homes.

In conclusion, it’s important to stay informed about both national and local market trends to make well-informed real estate decisions.

If you have been hesitant to make a real estate move because of what you’re hearing in the nationwide headlines, I hope you’ll give me a call so that I can share with you what’s going on locally.

Get in touch! I’d love to hear from you.

Click here to read the full article on realtor.com.

visit Mary’s YouTube for More Insights:

Everything Exeter with Mary Strathern, NH Realtor

March 14, 2023

Welcome to Everything Exeter! I’m Mary Strathern and I am here to share with you all the great places and reasons to make Exeter, NH and the Seacoast your home!

Mary's Mortgage Minute with Laura Gibb of Blue Water Mortgage

May 4, 2023

Mary Strathern, Exeter, NH realtor talks with Laura Gibb about different downpayment options for homebuyers – what’s acceptable and what’s not.

Mary & Pam Staging Tips Video #1

March 20, 2023

Mary Strathern, Seacoast NH realtor talks with Pam Tiberia, owner of Spruce Interiors in Hampton, NH about choosing paint colors when staging your home for sale.

Mary Strathern, Seacoast NH Realtor's Mortgage Minute

April 19, 2023

Exeter, NH realtor, Mary Strathern talks with mortgage lender Justin Perry of LoanDepot in Portsmouth, NH about mortgage rates trending down and what that means for homebuyers. 

Meet Mary Strathern, Realtor

Aug 26, 2023

Hi, I’m Mary Strathern with Berkshire Hathaway HomeServices Verani Realty! Buying a home can be stressful, but I can provide support every step of the way. Let me help you find your dream Seacoast NH home!

Mary's Mortgage Minute with Laura Gibb of Blue Water Mortgage

May 4, 2023

Mary Strathern, Exeter, NH realtor talks with Laura Gibb about different downpayment options for homebuyers – what’s acceptable and what’s not.

Mary Strathern, Seacoast NH Realtor's Mortgage Minute

April 19, 2023

Exeter, NH realtor, Mary Strathern talks with mortgage lender Justin Perry of LoanDepot in Portsmouth, NH about mortgage rates trending down and what that means for homebuyers. 

Mary & Pam Staging Tips Video #1

March 20, 2023

Mary Strathern, Seacoast NH realtor talks with Pam Tiberia, owner of Spruce Interiors in Hampton, NH about choosing paint colors when staging your home for sale.

Get in Touch

Prefer to reach out to me directly? Please do! I look forward to hearing from you.

Call Now Button