Commentary, Local

Real Estate News

It’s hard to believe that we’re almost in the last quarter of 2017.  Many of you have been tossing around the idea of downsizing, buying a home for the first time or maybe you have been wanting more land.  Well there’s still time to make the move…and make it a TREAT!

We have all been notified that the market is altering it’s direction.  It’s not really a surprise because like everything, change is the only constant.  So how do you react and still do the things you need and want to do.  Well…let’s look into this a bit.

We have seen a bottle necking effect in home buyers.  There simply has not been enough homes for them to choose from and many have settled, up till now.  That’s where the change is happening.  There are still many, many buyers, but sellers are getting savy and making the smart decision to list their homes.  YES SELLERS…there are many buyers waiting to buy your home that is priced correctly and in good condition.  Why wouldn’t you sell now when the DOM (days on market) are at the lowest?  But hurry, this glorious time for you shall too pass.

The Chief Economist for realtor.com just announced “The housing shortage forced many first-time home buyers to consider smaller homes and condos as a way to literally get their foot in the door.  Our survey date reveals that we may see more of these homes hitting the market in the next year.”  That’s right, they settled and may decide to “move it on up” to what they were really looking for once there is actual inventory to choose from.  It’s predicted the 35% of current home owners will be selling in the next 12 months.  THIRTY-FIVE PERCENT!!!  What does this mean for the home owner that has been “throwing around the idea of selling”?  Supply and demand 101…do you want to sell now while there’s lower inventory and you can likely sell quickly (all things considered and done correctly)…or do you want to wait 6, 8, 12 months and have an abundance of competition.  There’s really not much to consider knowing these facts.  Selling NOW is key!

I’ll leave you with one more tid bit.  Douglas Yearley, the Chief Executive of Toll Brothers just stated “The unemployment rate is at a 15-year low, the economy is growing, the stock market is strong, and home prices continue to rise, putting equity in the pockets of those who may want to sell their existing home and move into a new one.”  Did you see the word EQUITY???  You don’t have to be “scared” to make a decision about where you live, I’m here for you and very ready to work hard to help.  Call me so we can discuss your options and make this choice a TREAT for you.♦

 

Leave a Comment

Your email address will not be published. Required fields are marked *

*