“Buyers should expect that over the next 12 to 24 months there will be a notable increase in the number of entry-level homes available.”
That seasonality means, based on historical trends and the fact that fall is now approaching, we can expect smaller, more affordable homes to come to the market throughout the rest of the year.
“. . . as interest rates increased in 2022, and housing affordability worsened, the demand for home size has trended lower.”
What Does This Mean for You?
“It’s not solving the affordability crisis, but it is creating opportunities for people to be able to afford an entry-level home in an area.”