If you’ve been thinking of selling your home or buying a new one, now is a great time. Experts predict that the market will continue to gain strength throughout 2015. What are you waiting for? Here are a few sweet morsels of information about the national market.
The majority of Americans say it’s a sweet time to buy.
68% of Americans say that 66% of Americans say that they would now is a good time to buy. buy if they were going to move today.
Homes are like Fine Chocolate – Always in High Demand
Housing supply is at 5.3 months at the current sales pace.
35% of homes sold were on the market for less than a month.
Property is Becoming More Valuable
For the 27th consecutive month, home prices increased on a year-over-year basis, increasing a total of 20.7% over the past two years.
In the next 12 months, 40% of Americans say that the homes in their neighborhood will be worth more.
Millennials are tempted by the Promise of Homeownership
51% of Americans plan to buy a home within the next 5 years, including
61% of millennials
28% of Gen X
10% of Baby Boomers
Why Buy? Low interest rates and low prices, of course!
It’s a Sweet Time to get in the Market