Prediction: Spring Home Shopping Season To Be Busy

The 2023 spring homebuying season may be cooler than in previous red-hot years, but competition will still be plentiful. According to a new Zillow analysis, ongoing stock shortages mean that even as fewer buyers enter the market this year, those who do will be competing for many of the same homes. Affordable markets like Cincinnati and St. Louis are likely to see the most competition, especially on lower-priced homes. The number of homes for sale now is equal to the number in 2021, which set a record for scarcity at the time. So while homes may sit on the market a little longer and sellers may have to make concessions, the chances of selling a home are still good, so…