As the housing market starts to rebalance, a report from real estate website Zillow shows that first-time homebuyers and sellers are unsure what the market will look like in the future.
Nearly half of agents (46%) surveyed by the site say the biggest misconception among aspiring homebuyers is that home prices will significantly fall, while more than a third of agents (35%) say prospective buyers mistakenly think they should wait for high mortgage rates to come down.
Zillow’s research predicts…
