Real estate experts agree: sellers have a great opportunity in front of them this season.
Here are some of the main reasons experts say you should consider selling your house this winter.
New housing data shows 2021’s feverish home sales pace broke a yearly record in October, . . . with last month marking the eighth straight month of buyers snatching up homes more quickly than the fastest pace in previous years. . . .
- realtor.com Press Release
These low mortgage rates, combined with the tailwind of first-time homebuyers entering the market, means that purchase demand will remain strong into next year.
- Sam Khater, Chief Economist, Freddie Mac
With strong homebuying demand, homes go under contract within days. Before the pandemic, the time from listing to pending usually took about three to five weeks, . . .
- Shu Chen, Senior Professional, Office of the Chief Economist, CoreLogic
Home sellers have historically moved when something in their lives changed – a new baby, a marriage, a divorce or a new job. The pandemic has impacted everyone, and for many this became an impetus to sell. . . .
- Jessica Lautz, VP of Demographics and Behavioral Insights, National Association of Realtors® (NAR)
The dramatic rise in home prices is a direct result of more buyers in the market (demand) than houses available for sale (supply). When demand is high and supply is low like it is right now, prices naturally rise.
But today’s buyers are wondering what the future holds. Will prices continue to rise with time, or should you expect them to fall? To answer that question, let’s first look at a few terms you may be hearing right now.
•Appreciation is an increase in the value of an asset.
•Depreciation is a decrease in the value of an asset.
•Deceleration is when something happens at a slower pace.
It’s important to note home prices have increased, or appreciated, for nearly 10 years now. According to Greg McBride, Chief Financial Analyst at Bankrate, home prices are projected to continue increasing, too:
“… Waiting in expectation that prices will fall seems unlikely to pay off.”
The Alliance Group provides a seasoned and experienced team of real estate professionals to guide our clients through the sales process while presenting insightful options to achieve their desired goals.