One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity.
However, demand isn’t the real issue. Instead, it’s the lack of supply (homes available for sale).
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In real estate, it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy spring. But this isn’t a typical summer. As the economy rebounds and life is returning to normal, the real estate market is expected to have an unusually strong summer season. Whether you’re buying or selling, let’s connect to talk about how you can capitalize on today’s market conditions to sell your house or find your dream home.
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For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price they could offer and still get the home. As a result, the listing price was generally the ceiling of the negotiation. The actual sales price would almost always be somewhat lower than what was listed. It was unthinkable to pay more than what the seller was asking, but that is what is happening today in the Real Estate Market we are presently experiencing.
Someone who’s more familiar with the housing market of the past than that of today may think it’s foolish to offer more for a home than the listing price. However, frequent and competitive bidding wars are creating an auction-like atmosphere in many real estate transactions right now. Let’s connect today so you have a trusted real estate professional on your side to provide the best advice on how to make a competitive offer on a home.
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As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come. Experts are optimistic about the second half of the year. Let’s connect today to talk more about the conditions in our local market.
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In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market.
When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.”
Today’s housing market is healthy, and rising prices are driven by real buyer demand. Let’s connect to talk about the best ways to navigate such an energetic market.
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The idea of homeownership as a direct way to build your net worth has met the test of time. Let’s connect if you’re ready to take steps toward becoming a homeowner.
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If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase.
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Contrary to what you may think, right now, the housing market is full of outstanding opportunities for BOTH buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Let’s connect today to discuss how these favorable conditions play to your advantage in our local area.
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Yes, it is a strong Seller's Market which put's Sellers in a great position to sell. With homes selling twice as fast as they did last year at this time, getting multiple offers, and rising in price, homeowners are in the driver’s seat. However, increased demand and less supply also means home equity is continuing to rise for buyers who fight to become homeowners….so it is not a losing proposition for you either.
If you are a buyer dealing with the frenzy and thinking you’ll wait until this settles down and prices start dropping - it will be a long wait and you will lose your equity advantage and interest rate levels, as both continue to rise. THE BEST TIME TO BUY IS IN A SELLER’S MARKET!!!
Whether a buyer or a seller, let’s connect today if you’re ready to learn how my experience can help you in today’s hot housing market #helpfulagent #trustedadvisor #homevalues #phoenixmarket #seller #homebuying #buyersfrenzy #homeequity
The benefits of homeownership go well beyond the basics. Homeownership is truly a way to build financial freedom, find greater satisfaction and happiness, and make a substantial impact in your community. If owning a home is part of your dream this year, let’s connect so you can begin the homebuying process today.
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Phoenix area housing is at an all time low, with the over 350 people moving to the Valley PER DAY creating mass demand. As a result, prices are rising at an amazing rate....in some areas 17-20% over the previous year. This is causing many people to believe we are in a bubble, reminiscent of what we experienced in 2005-6, and headed towards another Real Estate bust. That is not the case. Read on to find out why not,k and contact me to see how you can take advantage of this market and why now is the time to buy or sell.
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Realtors are your source for Market information but we don’t know everything. Contrary to popular belief, we don’t have crystal balls. We can make some predictions by knowing the latest statistics and staying current with our education and our market knowledge. If you want a Realtor who can advise you to the best of her ability - contact me and lets see how I can help.
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The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. You need to know what that means for you, whether you’re buying, selling, or doing both. Contact me to help guide you through the process./
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The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here’s what four experts have to say about the year ahead.
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