December 2016

Found 4 blog entries for December 2016.

A recent article published by The Huffington Post stated that contrary to popular belief, house shoppers in January and February are highly motivated buyers. They’re looking in winter because they need and want to move, not because they’re just looking for fun (as can happen in the warmer months).

Ask the public and the consensus is that a home will sell the fastest in spring or summer, so there are very few homes to buy at the start of a new year. This school of thought is not necessarily correct, as seasoned real estate agents know that homes listed in the winter months have a superior advantage over homes listed in spring and summer. If your house is the only game in town, you’re likely to have a lot more interested buyers than in spring when

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According to the National Association of Realtors Chief Economist, Lawrence Yun, national home sales are predicted to increase by two percent in 2017 and then an additional four percent in 2018. NAR believes existing home sales will surpass 2016 home sales by reaching 6 million over this year’s 5.8 million numbers. Prices are on track to rise at least 4% in 2017, fueled by more millennials entering the buying market, job gains, and on-track economic conditions supporting a “net positive for the housing market.” Yun also stated that 2016 is closing with the strongest home sales pace since 2006.

Millennials aren’t just buying condos or settling for entry-level properties. They want the move-up property and they have the funds to make it happen. NAR

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