Expert Insights on the Current and Future State of the Housing Market.
Real estate expert Jonathan Miller predicts that both buyers and sellers will be disappointed with US housing market prices this year. The supply of older homes needs to grow before prices will move significantly. Miller believes that the shortage of homes for sale will keep prices from falling too much, and ultra-low mortgage rates ultimately made homes less affordable for many people. However, over time, people will move for jobs or family needs, and the supply of homes for sale will increase.