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Wednesday, February 26, 2020

If You Are Thinking of Selling? Now May Be the Time.#SellYourHomeForMoreandPayLess #TimeToSell #ChrisBJohnsonRealtor #SellersPayZEROCommission #ListYourHomeAndPayNoCommission #BetterThanFSBO #5StarREALTOR®

If You Are Thinking of Selling? Now May Be the Time.: The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change.....BY 
 
http://www.ChrisBJohnsonRealtor.AllisonJamesInc.com/blog.phphttps://www.facebook.com/VenturaCountyEstateShortSaleBankOwnedRealtor/   
Thinking of Selling? Now May Be the Time. | MyKCM
The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%.
The Census Bureau also just reported the highest homeownership rate since 2014 for people under 35. This is evidence that owning their own home is becoming more important to Millennials as they reach the age where marriage and children are part of their lives.
According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buyer demand across the country is strong. That’s not the case, however, with seller demand, which remains weak throughout most of the nation. Here’s a breakdown by state:Thinking of Selling? Now May Be the Time. | MyKCMDemand for housing is high, but supply is extremely low. NAR also just reported that the actual number of homes currently for sale stands at 1.42 million, which is one of the lowest totals in almost three decades. Additionally, the ratio of homes for sale to the number purchased currently stands at 3.1 months of inventory. In a normal market, that number would be nearly double that at 6.0 months of inventory.

What does this mean for buyers and sellers?

Buyers need to remain patient in the search process. At the same time, buyers must be ready to act immediately once they find the right home.
Sellers may not want to wait until spring to put their houses on the market. With demand so high and supply so low, now is the perfect time to sell your house for the greatest dollar value and the least hassle.

Bottom Line

The real estate market is entering the year like a lion. There’s no indication it will lose that roar, assuming inventory continues to come to market.


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Chris B Johnson
http://www.ChrisBJohnsonRealtor.AllisonJamesInc.com/blog.phphttps://www.facebook.com/VenturaCountyEstateShortSaleBankOwnedRealtor/     

About Me

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Chris B. Johnson REALTOR® Specializes in Luxury Estates and Home Auctions. Your home is probably the biggest asset you own. This is why you should hire a professional to guide you through all your real estate transactions. My goal is to help 24 to 28 families each year either buy or sell a home. I am NOT interested in Selling 100 or 200 homes a year because I would not be able to give each family the time, attention and energy they deserve. I believe in Quality, NOT Quantity.
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.   
 
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Posted by at 12:36 PM
  
 
 
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TOPIC:
 Home Selling
LOCATION:
 
California Ventura County
TAGS:
 
sellyourhomeformoreandpayless timetosell chrisbjohnsonrealtor sellerspayzerocommission listyourhomeandpaynocommission betterthanfsbo 5starrealtor
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