The national news is now reporting good news about the housing market. Existing home sales are up, interest rates are down, inventory levels remain low, builders are selling homes and distressed property inventory is staying at bay from the market. In addition, we are seeing more showing activity at our listings, we are receiving more calls on our signs and as a result, more sales are happening. This has also resulted in higher prices which is a good thing for all home owners. What a great momentum shift taking us into the spring market. All this news can do is to continue to help the economic recovery and build consumer confidence. As consumer confidence grows and spending occurs – we all win!
The advice you should take away from this information is – buy today while prices are still low, interest rates are below 5% and great properties are available to you. The spring market can result in higher prices, higher interest rates and even less inventory as fewer homes are coming on the market. There is no time like the present.
For Realtors, spread the word, get busy contacting everyone you know and start selling more homes. Get it? Got it? Good!
Now, go sell something!