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While we can always expect summertime to crank up the temperature, the U.S. housing market; which was blistering hot for several years, seems to be cooling down. Are we headed for a housing market peak? If you don’t think we’re already at that point, there’s talk we might soon be. Home prices are still rising. But the latest data shows an increase in the number of homes for sale, days spent on the market and price cuts. What does all this mean if you’re a current homeowner, a potential home buyer or a possible home seller?According to the Housing and Mortgage Market Review, home prices have more than a 90% chance of rising or staying the same during the next two years. Plus, home prices are currently at record highs. The median list price in April 2019 was $310,000. That’s a 7% increase in just one year! Keep in mind that, while prices are still projected to go up, growth is expected to slow down by a few percentage points. So, you could be in a good position when you’re ready to sell. But you might not want to wait too long. Because the market’s been sizzling, it’s been pretty rough out there for home buyers. If you’ve been on the hunt for a home, chances are you’ve seen plenty of houses you like, but they were already under contract. Or maybe you’ve ended up on the short end of so many bidding wars that you’ve lost count of them all.

https://www.daveramsey.com/blog/is-the-housing-market-cooling-down