If you’re feeling unsure about the housing market lately, you’re not alone. Between mortgage rate ups and downs, rising home prices, and low inventory, a lot of people are wondering: Is now really the right time to buy or sell?
The good news? Leading real estate experts have started to release their forecasts for the rest of the year—and there’s reason to feel a little more confident moving forward. As Business Insider recently summed up:
“As mortgage rates go down this year, affordability may improve slightly for homebuyers. Inventory is also expected to grow, which should help moderate price growth and make finding a home easier.”
Let’s take a closer look at what’s ahead—and what it could mean for you.
1. Mortgage Rates May Dip Slightly (And That Matters)
Mortgage rates may not drop dramatically, but experts are calling for a gradual decline through the second half of the year. This means:
- A slightly lower monthly payment if you’re buying
- A bit more flexibility in your budget
- A possible window to refinance if you bought at a peak
Even small shifts in rates can make a noticeable difference in affordability. But keep in mind: rates are still influenced by big-picture factors like inflation, employment trends, and Fed policy—so expect a little volatility along the way.
Pro Tip: Don’t wait for the “perfect” rate. Focus on what works for your budget and timeline today.
2. Inventory Is Growing—Slowly but Surely
We’re already seeing more homes hit the market, thanks in part to homeowners who are done waiting on the sidelines. Whether driven by life changes or shifting expectations, sellers are returning—and that trend is expected to continue.
As Lance Lambert, Co-founder of ResiClub, puts it:
“The fact that inventory is rising year-over-year . . . strongly suggests that national active housing inventory for sale is likely to end the year higher.”
That’s good news for buyers—more listings mean more choices and less competition. And for sellers, this is a reminder that acting sooner could give you a leg up before the market becomes more saturated.
3. Home Prices Are Moderating (Yes, Really)
While home prices are still expected to rise this year, the rate of growth is slowing. Experts predict an average increase of about 2% nationally, a far cry from the steep climbs of recent years.
Here’s why that matters:
- Buyers may finally get a break from runaway price hikes
- Sellers can still benefit from appreciation—just at a more balanced pace
- Combined with easing rates, this could mean more buying power overall
Keep in mind: Real estate is local. Price trends vary neighborhood by neighborhood, so what’s true for Wilmington might look different in Oak Island or Leland. That’s where a hyper-local real estate team makes all the difference.
Final Thoughts: Is It a Good Time To Move?
The market is shifting—but not in the way headlines might make you think. Yes, mortgage rates are still higher than they were a couple of years ago. But with inventory rising and price growth slowing, many buyers and sellers are finding that now can be the right time—especially with the right guidance.
We’re here to help you navigate every twist and turn of the market with confidence. Whether you’re buying your first home, moving up, or looking for an investment property, our team brings local expertise and a client-first approach that makes the entire process a breeze.