A Historic Rebound for the Housing MarketPending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors;(
Housing Market Set To Spring Forward
Just like our clocks this weekend, in the majority of the country, the housing market will soon “spring forward!” Team Nest Builder explains that similar to tension in a spring, the lack of inventory available for sale has been holding back the market.
Many New Jersey home sellers believe waiting until Spring is in their best interest. Buyer demand traditionally reflects seasonality. Usually, demand slows a bit in the winter months, especially in areas of the country impacted by arctic conditions. But that slowing in demand hasn’t happened this year!
Demand for housing remains strong as mortgage rates linger near historic lows. Even with an increase in rates forecasted for 2019, buyers can lock in an affordable monthly payment. Buyers are increasingly jumping off the fence and into the market to secure a lower rate.
The National Association of Realtors (NAR) recently reported that in 2018 the top 10 dates sellers listed their homes all fell in April, May, or June. Those who act quickly and list now, before a flood of increased home seller competition, will benefit from extra exposure to buyers.
Planning on selling your home in 2019? Meet with Team Nest Builder’s Lynn Garafola to evaluate how to move quickly and capitalize on the opportunities in our market. Call Lynn at 973-222-3777 today! Click HERE to find out what your home is worth instantly, for free!
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