A Pandemic Baby Bump & Market Update October 2022
A Pandemic Baby Bump & Market Update October 2022
A Pandemic Baby Bump & Market Update October 2022
A Pandemic Baby Bump & Market Update October 2022
Could a rise in fertility rates cause an increase in housing demand in Spring 2023?
According to research reported in the International Business Times, there was a slight “baby bump” in the United States for the first time since 2007.
According to the research, most of the increase came from women who had their first children and women who were under the age of 25. The research indicated that the pandemic may have prompted women to start families sooner. For the full article from the International Business Times, click here.
Just a few months ago, prices were increasing rapidly and there seemed to be no end in sight. However, since then, the market has slowed down a bit and there are now signs that it may be coming to an end.
Prices have continued to drop in some areas, but they have not decreased as much as many people had anticipated.
However, market conditions are changing rapidly. There are fewer multiple bidders and offers tens or hundreds of thousands of dollars above asking. While there is still buyer competition for some houses, overall buyers are having more leverage than they have had in several years.
According to Bright Multiple Listing Service data for September 2022, home prices were rising across much of the Washington D.C. area but the market activity was slower.
The good news for home buyers is that homes are staying on the market longer, the average days on market was 15 and housing inventory had an uptick in September.
September 2022 inventory was down 4.6% compared to a year ago when inventory grew by 12.1% between August and September.
Rising interest rates have had an impact on the Washington D.C. area housing market. According to data from Bright MLS, closed sales and pending sales were at their lowest September levels in eight years.
Information provided by Bright MLS, Dr. Lisa Sturtevant, chief economist with Bright MLS. Click here for the full report.
The International Business Times provided data on a fertility rate increase during the Pandemic. Additional information on the 'baby bump' was reported in US News & World Report
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A Pandemic Baby Bump & Market Update October 2022
Could a rise in fertility rates cause an increase in housing demand in Spring 2023?
According to research reported in the International Business Times, there was a slight “baby bump” in the United States for the first time since 2007.
According to the research, most of the increase came from women who had their first children and women who were under the age of 25. The research indicated that the pandemic may have prompted women to start families sooner. For the full article from the International Business Times, click here.
Just a few months ago, prices were increasing rapidly and there seemed to be no end in sight. However, since then, the market has slowed down a bit and there are now signs that it may be coming to an end.
Prices have continued to drop in some areas, but they have not decreased as much as many people had anticipated.
However, market conditions are changing rapidly. There are fewer multiple bidders and offers tens or hundreds of thousands of dollars above asking. While there is still buyer competition for some houses, overall buyers are having more leverage than they have had in several years.
According to Bright Multiple Listing Service data for September 2022, home prices were rising across much of the Washington D.C. area but the market activity was slower.
The good news for home buyers is that homes are staying on the market longer, the average days on market was 15 and housing inventory had an uptick in September.
September 2022 inventory was down 4.6% compared to a year ago when inventory grew by 12.1% between August and September.
Rising interest rates have had an impact on the Washington D.C. area housing market. According to data from Bright MLS, closed sales and pending sales were at their lowest September levels in eight years.
Information provided by Bright MLS, Dr. Lisa Sturtevant, chief economist with Bright MLS. Click here for the full report.
The International Business Times provided data on a fertility rate increase during the Pandemic. Additional information on the 'baby bump' was reported in US News & World Report
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We will not share your information with anyone....
Thank you for requesting more information...
We value and protect your privacy and will never share your contact information with anyone else.
How can we help?
The exclusive buyer agents at HomeBuyer Brokerage specialize in serving home buyers. Please reach out with questions at info@homebuyerbrokerage.com.
