What to Expect for Spring Market

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Spring has officially arrived and many are wondering what will be in store for the real estate market this season. If you are interested in either buying or selling a home there are some factors that present some uncertainty right now such as rising inflation, interest rate fluctuations, and conflict overseas. Regardless of these ongoing items, the housing market has proven itself to be fairly immune. Here are some predictions that experts have shared for this spring.

Home Loan Rate Increases

Freddie Mac has indicated that the average 30-year fixed-rate mortgage has increased by over a full point in the past 6 months. Regardless of some adjustments in recent weeks, experts say rates will continue to be on the upswing over the next few months. Freddie Mac says “The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to rise over the course of the year.”

Housing Inventory Growth

Good news may be in the future for home buyers. Realtor.com has recently said that the number of newly listed homes has been increasing for the past couple of months. The National Association of Realtors (NAR) has also put out that the months’ supply of inventory has increased for the first time in eight months. Normally the spring season is when inventory grows so the next few months could be promising with more homes coming on the market. For buyers, this could mean more properties to choose from soon. For sellers, listing now may be wise as you avoid more competition.

Increasing Home Prices

Home prices are always going to be influenced by supply and demand. Despite the number of homes coming on the market being expected to increase, the demand out there is still quite strong. Realtor.com states “During the final two weeks of the month, more new sellers entered the market than during the same time last year. . . . However, with 5.8 million new homes missing from the market and millions of millennials at first-time buying ages, housing supply faces a long road to catching up with demand.”

Ultimately while we may see both rates increase as well as inventory levels, the buyer demand is still quite great. Mortgage rates are not expected to increase too much where home prices will most likely still rise just perhaps at a more steady pace as opposed to what we have seen in the recent past.

Beth Dickerson

Boston, MA

Primary phone
(617) 510-8565
Email
[email protected]
Address
277 Dartmouth St. , 2nd Floor,
Boston, MA 02116

About The Author

One of Boston’s most reputable real estate brokers, Beth Dickerson has achieved more than $2 billion in sales and thousands of successful real estate transactions over her nearly thirty-year tenure. Beth has received national acclaim from the real estate industry and represents some of the most prestigious residents and properties across Massachusetts. Her enduring record as a top producer comes from the intuitive gift of sensing her clients’ needs. She has built a business that is referral-based at its core—a testament to her relationship-driven approach and penchant for exceeding expectations. It is this nuanced expertise that Beth leverages to guide many of her clients-turned-friends through some of the greatest milestones of their lives.

Beth was the proprietor of her own real estate company before joining the residential division of R. M. Bradley in 1993, where she was a top producer for more than a decade. In 2003, she founded her own boutique real estate firm, Dickerson Real Estate, before merging with Gibson Sotheby’s International Realty in 2007. Today, Beth attributes her success to her comprehensive marketing and advertising strategies, exclusive contact network, and unparalleled insight into neighborhoods like Back Bay, Beacon Hill, the South End and Waterfront. With an understanding that no two clients are alike, she works with clients in all phases of life—from first-time buyers to luxury developers, seasoned sellers and beyond. Beth offers clients the resources to aggressively market their property locally, nationally and globally, and her attention to detail, drive and enthusiasm are unmatched.

Beth has appeared in prestigious media outlets including The Wall Street Journal, Mansion Global, The Boston Globe, and Boston magazine, and was prominently featured as Greater Boston’s real estate expert on WCVB Chronicle in 2020. She has had the honor of serving as President of the Downtown Council of the Greater Boston Real Estate Board. For over ten years, she has been a Co-Chair and Committee Member for the Massachusetts General Pediatric Hospital for Children’s Storybook Ball. She serves as a Board Member of the Community Music Center of Boston and a member for the Perkins School for the Blind, Emerald Necklace Park Conservancy, Justine Liff Luncheon, Youth Villages and the Boys & Girls Club of Boston, among dozens of other organizations throughout the Boston area.

A long-time resident of Boston’s Back Bay, Beth was an active member of the community as she raised her two children: she served as treasurer of the Clarendon Street Playground and was an avid supporter of the Hill House Community Center.