Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell your house?
The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still astonishingly low. Housing inventory is measured by the number of available homes on the market....While this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now. That’s because the number of homes for sale is still so low. Data from the National Association of Realtors (NAR) shows 76% of homes sold within a month and the average saw 3.5 offers in June.
To set yourself up to see advantages like these, you need to rely on an agent. Only an agent has the expertise needed to find the right asking...Some Highlights
In 2022 we saw major shifts in the market. Home Prices: Some experts think home prices will drop next year, though the forecasted decline is higher in the new home market. Moody's Analytics expects house prices to drop by 10 percent next year due to rising housing costs and mortgage rates. Mortgage Rates: Although there is a lot of uncertainty, some experts think that rates will dip or level out in 2023. Economic Outlook: Fitch Ratings' most recent global economic outlook pre...
We've all heard it: For sale by owners saves money. But is it true? Do sellers really save money when they sell their home FSBO?
The short answer is NO. In fact, selling a home FSBO can actually cost you more than if you had hired a real estate agent.
Let's look at the facts:
-Most FSBOs don't have a professional photographer shoot photos of their house, which means that buyers aren't seeing the best possible representation of what they're buying. This will make it harder to get top dollar fo...