It’s a Good Time to Buy & Sell Homes—Do you have the right real estate agent?
Highlights
Across nearly all groups surveyed, the majority feel that now is a good time to buy a home.
Those in the Silent Generation (73%) and Younger Boomers (70%) are the most likely to think now is a good time to buy a home, as well as those in the Midwest (69%).
Seventy four percent of people believe that now is a good time to sell a home, which is the same from Q3 2019.
Now is still a great time to make a move. From the 2020 NAR Home Survey, fifty-two percent of people believe the US economy is improving. Forty-eight percent home prices will continue to rise over the next six months, while forty-one percent of respondents believe that home prices will remain the same over the next six months.
According to NAR, the unsold inventory available today “sits at a 3.0-month supply at the current sales pace,” which is down from a 3.7-month supply in November. The current inventory is half of what we need for a normal or neutral housing market, which should have a 6.0-month supply of unsold inventory. This is good news for sellers, as Lawrence Yun, Chief Economist at NAR, says:
“Home sellers are positioned well, but prospective buyers aren’t as fortunate. Low inventory remains a problem, with first-time buyers affected the most.”
If you are ready to sell a home, reach out to us to find out more about how we help our clients with the skills you need to make a great move. We provide honest information with in-depth community and market knowledge because the more information you have, the better decisions you will make; analyzing your home’s condition and your community’s market to determine the best pricing strategy; staging and marketing skills to best present your home to potential buyers; effective negotiation skills and a high-quality professional network to move you from an offer through the remedy phase and on to a successful closing.
Among consumers that don’t own a home, 28 percent believe it would be very difficult and 29 percent believe it would be somewhat difficult to qualify for a mortgage. Let’s find out! We help our buyers make review their credit and develop a plan to own become homeowners. When you are ready to make your purchase, we possess the skills needed to help you secure a home that meets your needs, even in this difficult market. Reach out us anytime, we will work with you and one of our trusted lenders to help you create a plan to make a successful move.
We take our profession seriously and are always learning to improve our skills to help you. We are experts in negotiation with the Master Certified Negotiation Expert (MCNE) designation and for merchandising your home with the Professional Property Staging (PPS) designation. We love helping our clients reach their real estate goals, and live their best lives each and every day! Call us anytime.
