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5 Reasons to Sell This Fall

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Image by Paul Brennan from Pixabay Below are 5 compelling reasons listing your home for sale this fall makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase…and are in the market right now. More often than not, in many areas of the country, multiple buyers are competing with each other to buy the same home. Take advantage of the buyer activity currently in the market. 2. There Is Less Competition Now Housing inventory is still under the 6-month supply that is needed for a normal market. This means that in the majority of the country, there are not enough homes for sale to satisfy the number of buyers. Historically, a homeowner would stay an average of six years in his or her home. Since 2011, that number has hovered between nine and ten years. There is a pent-up ...
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What Is the Probability That Home Values Sink?

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A few weeks ago  realtor.com  released the results of a  survey  that produced three major revelations: 1. 53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur this year or next.   2. 57% believe the next recession will be as bad or worse than 2008. 3. Nearly 56% said they would cancel plans to move if a recession occurred until the economy improved. Since we are currently experiencing the longest-ever economic expansion in American history, there is reason to believe a recession could occur in the not-too-distant future. And, it does make sense that buyers and sellers remember the horrors of 2008 when they hear the word “recession.” Ali Wolf,  Director of Economic Research  at the real estate consulting firm  Meyers Research , addressed this point  in a recent interview : “With people having PTSD from the last time, they’re still afraid of buying at the wrong time.”...
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