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With so many buyers looking for homes to purchase and so few houses available today, there’s a substantial increase in bidding wars, and homes are selling fast. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), houses on average are receiving over four offers from buyers, and they’re selling in less than three weeks.
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Today’s home price appreciation is driving equity higher throughout the country. If your needs are changing and you’re ready for a new home, your equity may be a great asset to power your next move.
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During normal housing markets, renovations are an important way to add value to a property. However, with so many buyers competing for such a low supply of available homes right now, renovations may not be as critical as they normally would.
1. There aren't enough homes for sale right now.
A normal market has a 6-month supply of houses for sale, but today’s housing inventory sits far below that benchmark. According to the National Association of Realtors (NAR), there’s only a 1.9-month supply of homes available today. As a result, buyer competition is high, and homes are only on the market for about 21 days, during which time many receive multiple offers from hopeful buyers.
In this market, it may be wise to let future homeowners remodel the…
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There are many misconceptions about buying or selling a home today, making it difficult to navigate the current real estate landscape. Here’s a little clarity when it comes to 5 common myths about the 2021 housing market.
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Last year, many homeowners were wary about selling their houses due to the emerging the health crisis. This year, however, homeowners are beginning to regain their confidence when it comes to selling.
Fannie Mae's latest report shows that 57% of consumers believe now is a good time to sell, and experts are optimistic that consumer positivity around selling will lead to more homeowners making moves this year. Doug Duncan, Vice President and Chief Economist at Fannie Mae, explains:
“Overall, the index’s monthly increase was driven largely by a substantial jump in the share of consumers reporting that it’s a good time to sell a home, with many citing favorable mortgage rates, high home prices, and low housing inventory as their primary…
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Houses are in high demand, and they’re selling fast. It's a great time to sell if you’re ready to make a move, so follow these preparation tips to make your property ready for a top-dollar sale this spring.
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With so few properties available for sale today, it’s important to be prepared when you’re ready to buy a home. Meeting with your lender early, knowing your must-haves and nice-to-haves, preparing for a bidding war, and keeping your emotions in check are all ways to gain confidence in the homebuying process.
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Over the past year, homebuyer demand has soared, and homeowners have gained an unprecedented opportunity to sell. Properties are selling twice as fast as they did last year at this time, getting multiple offers, and rising in price. In today’s housing market sellers carry a high amount of leverage.
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Mortgage interest rates have dropped considerably over the past year, but these low rates may not last forever. Compared to what we've seen in recent decades, locking in such a rate and making a move today can save you thousands of dollars over the lifetime of your home loan.
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If you’re on the fence about selling your house, now is a great time to take advantage of sky-high demand, low supply, and fierce buyer competition.
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With over $750 Million in real estate sales, The Aaronson Group offers an unparalleled level of service to our highly respected clients. Whether you are looking to buy or sell your home, we guarantee that our expertise, professionalism & dedication will navigate you towards meeting your unique real estate needs.
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