Spring Forward Into Your New Home

Dated: 03/08/2018

Views: 45

Housing Market Expected To "Spring Forward" This Year

Housing Market Expected To "Spring Forward" This Year | Keeping Current Matters

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 in the market right now is what is holding back the market.

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

Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.

That hasn’t happened this year.

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

The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2017 all fell in April, May, or June.

Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.

Bottom Line

If you are planning on selling or buying a home in 2018, contact me, LaWona, your local real estate professional to evaluate the opportunities in your market.

Want to Advertise on this Site?

Latest Blog Posts

Oct 15 2018 57328 2

Houston ranks among 10 U.S. cities with most foreign-born homeownersA new study shows that immigrants play a big part in Houston's housing market. Photo courtesy of HARHoustonians already enjoy

Read More

Oct 15 2018 57328 1

Where Houston lands among best and worst real estate markets in the U.S.North Texas cities outshine Houston on this report.iStockTexas may be home to America's hottest housing markets, but Houston

Read More

Aug 30 2018 57328 1

Houston home foreclosure starts on the rise, according to alarming new reportThe Houston area saw a 76 percent spike in foreclosures in July.Photo courtesy of HARHouston, it looks like we might have

Read More

Jul 31 2018 57328 2

MONEYMATTERSThis Houston neighborhood boasted the biggest profits for sellers in 2017Lazybrook/Timbergrove sellers made big bucks in 2017.Photo courtesy of ZillowHouston homeowners who sold their

Read More