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 hasincreased dramatically. At the same time, housing inventoryis decreasingespecially at the lower price points. TheNational Association of Realtors(NAR) recently revealed that there is apent-up seller demandcaused by the uncertainty created by the housing crisis of the last decade.
What does that mean to you?
Houses listed today sell quickly. With prices stillbelow peakvalues of 2007 in many parts of the country and mortgage interestrates at historic lows, 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.
What does that mean to the economy?
Housing has always been an essential part of the U.S. economy. As we havereportedbefore, 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 theBureau of Economic Analysis & Macroeconomic Advisorson the economic impact of a home purchase. After reviewing thedata, they concluded that the total economic impact of a typical home sale in the United States is an astonishing $52,205.The more homes that sell, the better the economy.
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.
Author:Dawn Borkowski Phone: 864-313-4608 Dated: April 21st 2015 Views: 355 About Dawn: ...
With approximately 50 years combined experience, Guest Group brings a wealth of varied experience in both Residential and Commercial Real Estate.
We are loyal, ethical and very dedicated to our clients. We give exceptional service and continue to have our clients for life. We compliment each other and understand the Real Estate Industry and the Local Market.
We have strong negotiating skills and transaction servicing that will ensure you of a successful real estate experience.
May is the Best Time to Sell Your Home According to a newly relea
"This was the second time that my family has gone with Guest Group. Dawn and the crew helped my wife and I purchase our first home a few years ago. Now that our family has grown, we needed our house to grow as well. Our home was sold within 5 weeks and for 97% of the asking price. Then they found us our dream home on budget and in our desired area. They were more than willing to work around our complicated work schedule and helped us with finding a reputable mortgage broker and home inspector. Should we ever desire to move again, the Lawton team will be who we go with!!"