Good news in Real Estate
The housing market has started off much stronger this year than it did last year. have been a driving factor in that change. The average 30-year rate in 2019, according to was 3.94%. Today that rate is closer to 3.5%. According to the latest from the (NAR), . That’s not the case, however, with seller demand, which remains weak throughout most of the nation. Demand for housing is high, but supply is extremely low. NAR also just that the actual number of homes currently for sale stands at , which is one of the lowest totals in almost three decades. Additionally, the ratio of homes for sale to the number purchased currently stands at . In a normal market, that number would be nearly double that at 6.0 months of inventory.
need to in the search process. At the same time, buyers must be ready to once they find the right home.
may not want to wait until spring to put their houses on the market. With and , now is the perfect time to sell your house for the greatest dollar value and the least hassle.