Housing Market Expected to “Spring Forward”

Don’t forget to set your clocks one hour ahead Saturday night before going to bed.

Housing Market Expected to “Spring Forward” | Keeping Current Matters

brought to you by THE KCM BLOG

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, meet with a local real estate professional to evaluate the opportunities in your market.

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Before going into real estate in 2001, I worked in the medical field. Found it very rewarding helping others and decided to make a switch and help those, who want to achieve the "American Dream". As a homeowner, I know the importance of home ownership and nothing gives me more pleasure than to place those keys into the hands of a new homeowner. I look forward to helping you, with all your real estate needs.

Posted in bellflower ca, cerritos ca, Coldwell Banker, cypress ca, homebuyer, homebuying, homeownership, homeseller, homeselling, lakewood ca, Lakewood Community, lifeinlakewoodrealtor, long beach ca, los alamitos ca, norwalk ca, real estate, renter, renting, rossmoor ca, seal beach ca, spring forward, Uncategorized

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