Here are my top three reasons why the market might be slowing down.
In today’s hot market, there seems to be one question on everyone’s mind: When will home prices drop? Right now, one of the biggest search questions on Google is, “When is the housing market going to crash?” While we probably aren’t heading for a crash, I think a lot of people can tell the market is shifting a little. Today, I’ll go over in detail my top three reasons why the market may be cooling.
You can watch my full explanation in the video above, or watch the topics that most interest you using the timestamps below:
0:00 — Introduction
1:16 — Portland’s market has been crazy
2:33 — There are a few signs of slowing
3:40 — First sign: buyer fatigue
5:37 — Second sign: Vaccines mean some people are heading back to the office
7:15 — Third sign: ‘Challenge’ homes are having trouble selling
9:00 — Low interest rates mean it’s still a seller’s market
9:30 — Wrapping up today’s topic
If you have any questions about the shifting market or real estate in general, do not hesitate to reach out to us. We’d love to hear from you.