HOUSING OUTLOOK | Emerging Trends
Changing Seasons, Changing Markets
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The budding of spring signals the start of the year's busy home-buying season, but this time around, there's a different feeling in the air.
In recent years, there was a kind of spring fever. Desperate would-be ho meowners found themselves in frenzied bidding wars. Sellers sat back and waited to collect more money than they thought their homes would ever be worth.
Now, though, the inventory of houses for sale around the region has surged and the time it takes to sell a house has stretched. If you're trying to sell your house, this means you can no longer assume it will be snapped up in a weekend. If you're trying to buy, it means you have more time to shop and to think.
Whatever your position, you still have to deal with the result of those manic years, when home prices all over the area soared. There's no sign that time is running backward and prices will magically fall back to where they once were.
For everyone involved, the shifting market calls for shifting strategies. What's the best way to price a house? To pay for it? Inside this section today, we take a closer look.
