TheNational Association of Realtors(NAR) recently released the findings of theirQ2 Homeownership Opportunities and Market Experience (HOME) Survey. The report covers core topics like,“if now is a good time to buy or sell a home, the perception of home price changes, perceived ability to qualify for a mortgage, and [an] outlook on the U.S. economy.”
The survey revealed that75% of homeowners think now is a good time to sell,compared to 70% last quarter. This is a considerable increase from more than a year ago when 66% agreed.
Even though homeowners believe that now is a good time to sell, many have not taken the step to list their homes, as inventory shortages still exist across the country. Lawrence Yun, NAR’s Chief Economist, had this to say:
“There are just not enough homeowners deciding to sell because they’re either content where they are, holding off until they build more equity, or hesitant seeing as it will be difficult to find an affordable home to buy…
As a result, inventory conditions have worsened and are restricting sales from breaking out while contributing to price appreciation that remains far above income growth.”
If you are wondering if now is a good time to sell your house, let’s get together to discuss the opportunities available in our market.
Author:Connie White Phone: 843-532-3356 Dated: July 20th 2017 Views: 263 About Connie: My personal venture into real estate was driven by the desire to provide an enjoyable environme...
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"Connie White recently helped me sell my home in West Ashley. A friend used a Realtor in NC and had a good experience, so when I needed to put my home up for sale, I searched the internet and an amazing website which put me in contact with Connie. That was the best possible bit of luck! My father and I owned the home together, so all decisions had to be made by us plus my husband, and none of us live in the Charleston area. With little money to do any repairs or updating to the home, Connie really had a very difficult task. She was absolutely wonderful to work with, patiently working with us and counseling us what to do to sell the property. She stayed in constant contact with updates and followed up with potential buyers in a timely way. I would highly recommend her to anyone looking to sell a home and am happy to be a reference if ever needed.