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Summer housing trends: Will home sellers still have the upper hand?

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It's still a seller's market
It's still a seller's market © iStock

It's still a seller's market

Although summer could be considered a good time to buy a home, we're in a seller's market, experts say.

"The inventory of existing homes is relatively low," Crowe says, "so the buyers don't have a lot of choices."

Builders are starting to increase their inventories, however, so there's a bit more buying power in new homes, he adds.

The market could get a purchasing boost this summer as well.

"Housing should see a lot of sales as people try to move in before the school season begins and are trying to avoid the increase in interest rates," Reaser says.

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