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WHERE WILL THE HOUSING MARKET GO FROM HERE?

August 5, 2020

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The Housing Market Will “Spring Forward” This Year!

 

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, lets get together to evaluate your situation and give you the best chance to make top dollar!

 
 
 

 

 

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Drew Hendon, Realtor® CaDRE 02032739
Signature Real Estate Group | CaDRE 02071123
39381 Los Alamos Rd Ste D
Murrieta, CA 92563
email: Drew@KSADreamHomes.com
mobile: (760) 586-7683
Drew was great. He was very honest and professional. We never felt disconnected and were always able to get a hold of him for questions. He was always present with us and we felt like family. Highly recommended.
-Justin and Kaitee Rivera-

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CaDRE 02071123