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Housing Market Update

It's a Sellers’ Market

  • While mortgage rates are trending upward this summer, they still remain historically low, a benefit for those who want to buy
  • US News predicts that inventory will increase, but it will continue to be a Seller’s Market due to there still being more buyers than homes available
  • Now is the perfect time to sell, as you will have the upper hand over any potential buyer
  • If you want to sell, find a local real estate agent, who are knowledgeable and will work with your best interests in mind
  • Set up a prelisting home inspection as if you sell with necessary repairs, you could be losing out on a lot of money
  • House pricing is increasing faster than incomes, so finding affordable housing is more important now than ever
  • Make sure you are selling your home for the right price and find out if buyers are prequalified

 

 

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