Sell NOW Before Competition Hits The Market

Sell NOW Before Competition Hits The Market

In their current edition of the Home Price Expectation Survey released last week, Pulsenomics asked this question of the 100+ economists, real estate experts and investment & market strategists they surveyed:

“In your opinion, what is the primary driver of recent home value growth in the U.S.?”

Here are the top four reasons given by those surveyed:

Sell NOW Before Competition Hits the Market | Simplifying The Market

As we have stated before, the current lack of inventory in most housing markets has caused home appreciation to increase at greater percentages than historical averages. This means that this is a great time to sell your home as supply is low and demand is high.

However, things may be about to change…

The fortuitous situation sellers see themselves in may soon change for three reasons:

  1. As more homeowners realize their equity situation has dramatically improved over the last four years, they will be more likely to put their homes on the market.

  2. With the residential real estate sector outperforming a sluggish economy, more home builders will be looking to add new construction inventory to a depleted supply of housing stock.

  3. Many banks are just now foreclosing on loans that have been delinquent since the housing bust. These houses will also be coming to market.

According to Daren Blomquist, senior vice president of RealtyTrac, in the Q2 2016 U.S. Residential Property Vacancy and Zombie Foreclosure Report:

“Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory.” 

Bottom Line

In most housing markets, don’t wait for this additional competition to hit the market. If you are considering selling your house, now may be the time.


Tim Walsh Headshot
Author:
Phone: 703-447-2236
Dated: June 10th 2016
Views: 153
About Tim: I work full time in Real Estate. We created Your New Home Team to focus our energies in creating smo...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Feb 16 2018 14856 1 - https://goo.gl
What 8 Seniors Tax Bills Will Be With Tax Reform - Click on Image for more details
Sep 13 2017 14856 1 - https://goo.gl/yRUo8aLooking for
20 Tips For Preparing Your House For Sale - Link for Details:  https:/.

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

REMAX PREMIER - Your Best Source for Home Listings in Northern VA
Head Quarters: 13135 Lee Jackson Memorial Hwy # 115
Fairfax, VA
703-650-9849
877-731-9907

Other Locations