Why Real Estate Could Be Entering a ‘Supercycle’—and What That Means for Hattiesburg Buyers and Sellers
If you’ve been watching the real estate market here in Hattiesburg, you might have noticed something interesting. Despite rising interest rates and economic uncertainty, home prices keep holding steady—or even increasing. So, what’s going on? Well, some experts believe we could be entering a real estate supercycle—a long-term period of sustained growth fueled by strong demand and economic fundamentals.
Chad Tredway, Head of Real Estate Americas at J.P. Morgan Asset Management, believes that a combination of factors, including eventual interest rate declines and long-term housing demand, could set the stage for a real estate boom. But what does that mean for you if you’re buying, selling, or investing right here in Hattiesburg, Oak Grove, or Petal? Let’s break it down.
What is a Real Estate Supercycle?
A supercycle isn’t just another market upswing—it’s a long-term trend where real estate values rise consistently due to strong underlying fundamentals. Unlike short-term booms (where prices spike due to speculation), a supercycle is driven by long-term factors like housing shortages, economic growth, and policy changes.
Tredway recently shared his insights on Bloomberg The Close, stating:
“I would tell you we could be entering a supercycle for real estate just given the current policy, the facts that rates will come down at some point, and the demand drivers that we see in the economy.”
So, what does that mean for Hattiesburg’s housing market?
Well, we’re already seeing signs of it. With new construction struggling to keep up with demand, home values in Oak Grove, Midtown, and Petal continue to rise. Inventory remains low, and when homes hit the market, they don’t last long—especially well-priced homes in desirable neighborhoods like Canebrake, Timberton, and Bellegrass.
Should You Wait for Interest Rates to Drop?
One of the biggest questions I hear is: “Should I wait for interest rates to come down before buying?” And here’s the honest answer—waiting could cost you more in the long run.
Yes, interest rates have been a hot topic. But demand for homes is still strong enough that prices aren’t likely to drop significantly. In fact, many experts predict that values will keep rising, meaning that a home that feels expensive today might look like a bargain in a year or two.
Plus, if rates do drop later, you can always refinance to take advantage of lower payments. But locking in a home at today’s prices means you’re building equity now, instead of waiting and possibly paying more later.
Home Prices in Hattiesburg Are Expected to Rise in 2025
J.P. Morgan’s latest housing market outlook predicts that home prices will increase by about 3% in 2025. While that may not sound dramatic, it adds up quickly—especially in an area like Hattiesburg, where demand is already outpacing supply.
With the University of Southern Mississippi, Forrest General Hospital, and other major employers keeping the local economy strong, Hattiesburg continues to attract buyers. More people moving in, combined with limited housing supply, means one thing: prices are likely to keep climbing.
If you’re thinking about buying in the next year or two, it might be smart to start your search sooner rather than later to take advantage of current prices before they go up even more.
What This Means for Buyers and Sellers in Hattiesburg
The real estate market has always rewarded long-term thinkers, and right now, all signs point to a period of sustained growth. Whether you’re buying, selling, or investing, understanding the market dynamics can help you make the best decision for your future.
Key Takeaways for Hattiesburg Homeowners and Buyers:
- A real estate supercycle could be underway, driven by strong demand and economic fundamentals.
- Interest rates may not drop as quickly as expected, but home prices in Hattiesburg, Oak Grove, and Petal are still positioned for long-term growth.
- Inventory is tight, and competition for well-priced homes in neighborhoods like Canebrake, Timberton, and Bellegrass remains strong.
- Waiting for the “perfect” moment could mean missing out on today’s opportunities.
While some are hesitating, those who understand market fundamentals are already taking steps to buy or invest now. The question is: will you be ready when the next wave of growth hits?
If you have questions about buying or selling in Hattiesburg, let’s chat! I can help you navigate the market and make sure you’re making the best decision for your future. Reach out today!
