Though the real estate market has improved, we still have one item holding it back from a full recovery – a robust supply of homes for sale. Demand has . At the same time, housing inventory especially at the lower price points.
Houses listed today sell quickly. With prices still values of 2007 in many parts of the country and mortgage interest , this may be the perfect time for your family to make the move to the dream house you always wanted – whether that’s a larger home or that vacation/retirement home you have been looking at.
Housing has always been an essential part of the U.S. economy. As we have before, real estate not only provides housing for families. It is often the greatest source of wealth and savings for many. The recent increase in real estate sales has led to an increase in real estate prices. This has increased the value of everyone’s' home, whether they are selling or not. This leads to an increase in consumer confidence which in turn leads to an increase in consumer spending. Plus, each home sale automatically puts money into the economy.
NAR compiled data from research conducted by the on the economic impact of a home purchase.
In order for the U.S. economy to get better, we need to sell more homes. Perhaps, it makes sense for one of those homes to be yours.
If you have considered selling but are still a little nervous, now might be the time to sit down with a real estate professional familiar with your market and see what your options truly are.