Housing Market Expected To Spring Forward This Year

Dated: 03/05/2018

Views: 32

Housing Market Expected To “Spring Forward” This Year

by  | Mar 5, 2018

Housing Market Expected To "Spring Forward" This Year | MyKCM

Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.

Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.

Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.

That hasn’t happened this year.

Demand for housing has remained strong as mortgage rates have remained near historic lows. Even with the recent increase in rates, buyers are still able to lock in an affordable monthly payment. Many more buyers are jumping off the fence and into the market to secure a lower rate.

The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2017 all fell in April, May, or June.

Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competitioncoming to market in the next few months.

Bottom Line

If you are planning on selling your home in 2018, let’s get together to evaluate the opportunities in our market.

« 

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.

Latest Blog Posts

Some Quick Links That Could Help You Find A Great Deal In St Petersburg FL

Down below are some "Quick Links" that show you specific lists of potential "Propertunities" In St Pete FL . If you're looking for a great deal on a home or investment property in St Pete, be

Read More

Coming Back On Market Old Southeast St Pete Multi Family Propertunity

If you're looking for a GREAT "Propertunity" in St Pete,  watch the following video, then text Ryan @ 727.331.2842. Original asking price was 379k, was recently under contract at a number

Read More

Should I Buy Now Or Wait Until Next Year

Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac

Read More

Orlando Area Homes For Sale

Want to know what home prices are like in Orlando, Florida? In this quick blog Franchesca & Richard of Crown Home Group powered By eXp discuss the prices of homes in the Orlando, FL area. 

Read More