The Housing Market Is About To Shift In A Bad Way For Buyers

Posted by Staff Reporter on Aug 05, 2019 03:32 AM EDT
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The housing market is about to shift in a bad way for buyersmore big
The housing market is about to shift in a bad way for buyers (Photo : GETTY IMAGES)

Competition in the housing market finally began to cool this year, as listings multiplied and price gains moderated. Bidding wars became less frequent and spring sales perked up a bit. Well, forget that. The heat is on yet again.

The housing shortage that fueled competition and resulted in sky-high price gains throughout 2017 and the first half of 2018 is on the horizon yet again. Supply is soon expected to drop and potentially hit a new low, according to realtor.com, after increasing in the second half of last year.

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