Can You Find Your Home Sweet Home in This Unpredictable Housing Market?

 

In the fluctuating landscape of the current unpredictable housing market, potential homebuyers are navigating high mortgage rates, volatile economic conditions, housing changes and a tightening inventory.

Home prices have shown a slight decline with the median existing-home sales price dropping 0.9% to $375,700 in March compared to a year ago. It’s the second month in a row of home price declines after a 131-month streak of record increases. Additionally, mortgage rates reached 6.57% at the end of May. At the same time, housing inventory remains low and is not expected to fully recover in 2023. As of 2023, inventory is approximately 46% below the historical average dating back to 1999​​. Economists predict that if the current economic conditions persist, the housing market is likely in for a slow and tenuous recovery.

These challenges have made the path to homeownership somewhat treacherous, but with the right approach and preparation, it can still be traversed successfully. A recent poll by Fannie Mae found that consumers are feeling a lot more optimistic about the future of this unpredictable housing market. The quest for the perfect home may take time and patience, but the reward – a place to call your own – makes it all worthwhile.

Rob Jensen, Broker and Owner of Rob Jensen Company, gives some advice on how to buy a home even in the midst of all this uncertainty.

Rob’s Thoughts:

“To get the best deal when buying a home, start by finding the best representation. Go online and search the best real estate agents, review their sales history, read their reviews, and interview your top picks. That way, you won’t end up with your cousin or that random agent you met at the open house. Then, get your financials ready so you don’t miss out on that great opportunity. Sellers prefer certainty, which is why cash is most desirable. Second would be an underwritten loan pre-approval, and the weakest would be an over-the-phone pre-qualification. Finally, you’ve got to get out and look at homes. Some people need to see five homes, others 25 homes before they find something they like. But, as you get out there and view homes, you’ll refine your search criteria and eventually find that perfect home and be comfortable submitting an offer.”

 

Follow us on social media for the latest updates in B2B!

Image

Latest

data center design
Applied Digital’s Data Center Design for a 100 MW AI Factory Built from the Ground Up
July 2, 2025

AI workloads are redefining the limits of data center design and infrastructure. Legacy data centers, built for traditional co-location, cannot handle the density, thermal demands, or power dynamics of accelerated computing. The AI boom has upended the data center sector, forcing a rapid shift to liquid-cooled racks as facilities pivot from sub-10kW racks to…

Read More
Commerce media
A Look at the Rise of Commerce Media Networks: How Nift Helps Brands Own How Their Message Shows Up
July 2, 2025

As traditional digital advertising struggles to retain consumer trust, brands are exploring new, more authentic ways to connect with shoppers. Platforms like commerce media networks, which weave together commerce, content, and data, are emerging as powerful tools in this shift. Research from MG2 Advisory reveals that only about 37% of consumers feel brands genuinely…

Read More
Hospitality leadership
Heart-First Hospitality Leadership: How Saying ‘Yes’ Transforms Guest Experiences, Boosts Staff Morale, and Drives Business Results
July 2, 2025

As the hospitality industry emerges from years of pandemic-driven upheaval, hospitality leadership is evolving to meet new challenges. Leaders are looking for new ways to retain staff, elevate guest satisfaction, and drive revenue without burning out their teams. One trend gaining traction is the power of “Yes”: empowering employees to say yes more often,…

Read More
civic leadership
Mayor Gerard Hudspeth’s Civic Leadership Journey: What Politics Teaches About People
July 2, 2025

What does a mayor learn about human nature? In this episode of Professional Quotient: Conversations that Build Equity, host Jason Winningham sits down with Gerard Hudspeth, longtime mayor of Denton, Texas, and a respected figure in civic leadership. Drawing from his years in public service, Hudspeth explores how leading a city reveals the core…

Read More