Housing Market Expected to “Spring Forward”

    Housing Market Expected to “Spring Forward”   Wednesday March 8th, 2017  For Sellers Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.  Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.  Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.  That hasn’t happened this year.  Demand for housing has remained strong as mortgage rates have remained near historic lows.  The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2016 all fell in April, May or June.  Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.  Bottom Line  If you are planning on selling your home in 2017, let’s get together to evaluate the opportunities in our market.

    Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.

    Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.

    Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.

    That hasn’t happened this year.

    Demand for housing has remained strong as mortgage rates have remained near historic lows.

    The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2016 all fell in April, May or June.

    Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.

    Bottom Line

    If you are planning on selling your home in 2017, let’s get together to evaluate the opportunities in our market.

    Keeping Current Matters with Rinehart Realty

    Trackback from your site.

    Jordan Forney

    Jordan is a recent graduate of Lenoir-Rhyne University where he received his BA in Multimedia Communications while also playing football all four years that he was enrolled. Jordan has experience in writing and photography from his time working for the school newspaper, Lenoir-Rhyne News (LRN). He also has marketing experience with WLRZ 99.3 where Jordan produced and aired PSAs and was in charge of marketing with the social media accounts. He was a part of the marketing team for the Lenoir Oiler's baseball team as well where he had a lot of the same responsibilities. Now Jordan works at Rinehart Realty where he is increasing his experience by posting blogs, maintaining social media accounts, and working directly under the Director of Marketing.

    Leave a Reply

    Contact Us Now

    Any questions, comments, or feedback