According to Keeping Current Matters, several key housing market trends are starting to take shape as we enter the second half of the year. From evolving mortgage rates to growing inventory and moderating home prices, there are encouraging signals for both buyers and sellers.
1. Mortgage Rates Are Expected To Ease (Modestly)
Although a significant drop in mortgage rates isn’t likely, current projections point to a gradual decline as economic conditions stabilize. While the change might be slight, even a small dip in rates can have a meaningful impact on monthly payments—offering some relief to buyers and potentially expanding their purchasing power.
It’s important to note that several factors, such as inflation and employment data, will continue to influence interest rate movement. Some fluctuations are normal, so rather than waiting for the “perfect” rate, it’s often more beneficial to focus on personal timing and long-term goals.
2. More Homes Are Coming to Market
Housing inventory has improved throughout the year, and that trend is expected to continue. Many homeowners who had previously postponed selling are beginning to re-enter the market, realizing that waiting for major rate changes hasn’t delivered the results they hoped for.
As confidence grows and market activity increases, even more sellers are expected to list their homes. This means buyers could enjoy a wider selection of properties in the coming months—a welcome shift in areas that have recently faced tight supply.
3. Home Prices Are Stabilizing
Price growth remains positive, but the pace is softening as more homes become available. A steady rise in inventory helps reduce the intense competition that once drove prices up at rapid speeds. This doesn’t mean prices are falling—in most markets, they’re still appreciating—but the rate of that growth is becoming more manageable.
In practical terms, this creates opportunities for buyers to enter the market without facing the bidding wars that defined earlier periods. And when you combine this with projected easing of mortgage rates, the overall affordability picture becomes a bit more favorable.
Of course, real estate is deeply local. Market conditions in one city or neighborhood may look very different from another. Some areas might still experience fast price gains, while others could see minor corrections depending on local supply and demand. That’s why understanding your specific market is crucial.
Final Thoughts
The second half of the year is shaping up to offer more balance in the housing market. With more inventory, slower price growth, and potential mortgage rate relief, the outlook is positive for both buyers and sellers. Whether you're looking to upgrade, downsize, or purchase your first home, staying informed and working with a knowledgeable professional is key to navigating these changes confidently. If you have any questions, contact Marks Realty Group — we’re here to help you.
Source: keepingcurrentmatters.com
