If you're considering making a move in the housing market right now, you’ve probably noticed something: it feels a bit unpredictable. Home prices, mortgage rates, and overall market trends seem to be shifting more than usual. The truth is, we’re in a period of increased volatility, and understanding why can help you make smarter decisions.

Let’s break it down and explore the key factors influencing the market today, and how you can navigate this uncertainty.

What’s Causing the Market Volatility?

There’s a mix of factors driving the unpredictability of the market right now. Economic data, unemployment trends, decisions from the Federal Reserve, and even political events (like the presidential election) are all playing a role. These factors create uncertainty—and uncertainty, as we know, leads to market volatility.

A prime example of this is mortgage rates. New economic reports or global events can lead to sudden shifts in rates, even though experts generally predict that mortgage rates will trend downward in the long run. We’ve seen this play out time and time again—just look at how job reports or inflation data can trigger immediate changes in rates.

As Greg McBride, CFA and Chief Financial Analyst at Bankrate, points out:

“After steadily declining throughout the summer months, I expect more ups and downs for mortgage rates… Job market data will be closely watched, along with any signals from the Fed about the extent of upcoming interest rate cuts.”

This highlights the reality: mortgage rates aren’t likely to decline in a straight line over the next year. As Hannah Jones, Senior Economic Research Analyst at Realtor.com, adds:

“Rates have shown considerable volatility lately, and may continue to do so... Overall, we still expect a downward long-term mortgage rate trend.”

It’s also important to note that the housing market varies greatly depending on where you’re looking to buy or sell. Home prices and inventory levels fluctuate from one area to the next, adding another layer of complexity. In some regions, home prices are climbing, and there’s limited inventory, while in others, more homes are coming onto the market, leading to more moderate price changes.

As all this unfolds, staying informed is key to making smart moves, whether you're buying or selling. And one of the best ways to get accurate, up-to-date insights is by working with a professional.

Why Partnering with a Pro is So Important

The road ahead may be a little bumpy, but you don’t have to navigate it alone. A skilled real estate agent will keep you informed about the latest market trends, guide you through any changes, and help you make decisions that align with your personal goals.

For example, as mortgage rates shift, your agent and lender will walk you through how these changes affect your monthly payment. Even a small fluctuation in rates can have a big impact on your budget, so it’s crucial to understand the full picture before making any big decisions.

Since the housing market can vary so much from one neighborhood to another, your agent will also help you get a clear understanding of what’s happening in your specific area. Whether it’s figuring out how to handle competition with other buyers, understanding local inventory levels, or tracking home prices in your neighborhood, a knowledgeable agent will make sure you’re equipped to adapt to market changes.

Bottom Line

Yes, the housing market is experiencing some shifts right now, but that shouldn’t hold you back from making your move. With the right support—whether it’s from a trusted real estate agent or lender—you’ll be in a better position to navigate the changes and seize the opportunities that come your way.

Let’s turn uncertainty into an advantage, and move forward with confidence.