The Housing Market Will Spring Forward This Year

Dated: 03/04/2019

Views: 27


The Housing Market Will “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 has been holding back the market.

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

Buyer demand has seasonality to it. Usually, this falls off in the winter months, especially in areas of the country impacted by arctic conditions.

That hasn’t happened this year.

Demand for housing has remained strong as mortgage rates have remained near historic lows. Even with an increase in rates forecasted for 2019, buyers are still able to lock in an affordable monthly payment. Buyers are increasingly jumping off the fence and into the market to secure a lower rate.

The National Association of Realtors (NAR) recently reported that in 2018 the top 10 dates sellers listed their homes all fell in April, May, or June.

Those who act quickly and list now, before a flood of increased competition, will benefit from additional exposure to buyers.

Bottom Line

If you are planning on selling your home in 2019, meet with a local real estate professional to evaluate the opportunities in your market.

Latest Blog Posts

Tips For Preparing Your House For Sale This Spring

20 Tips for Preparing Your House for Sale This Spring [INFOGRAPHIC]Some Highlights: When listing your house for sale, your top goal will be to get the home sold for the best price!

Read More

Do 46 Million Millennials Know They Are Mortgage Ready

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream.Millennials have taken longer to obtain

Read More

What Credit Score Do You Need To Buy A House

There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage.

Read More