Many factors impact the housing market, which can make purchasing a home difficult for anyone. Consider the effect the COVID-19 pandemic has had on the housing market throughout the past couple of years, for example. Nearly every market in the country has experienced a housing shortage, and home sales and prices are through the roof.
Competition among home buyers is stiff, and in many markets, buyers have to offer well over asking price to have their offers considered by sellers. But while the pandemic has had a vast impact on housing in the United States, the good news is that it’s an anomaly—one that isn’t likely to occur again in the near future.
While the housing market can be somewhat unpredictable, real estate doesn’t have to feel like a gamble for any home buyer. If you’re looking for ways to determine whether the housing market is healthy, Fund That Flip compiled a list of 10 signs of positive growth from multiple real estate websites you can use to measure the market. From a low rate of distressed properties to decreasing mortgage rates and increasing home prices, these signs can help you wade through the murky waters to determine whether the housing market is healthy. Here’s what you should know.