Here we go again. I’m starting to sound like a broken record. I know it, but I still have to do it. So here’s what I’m going to say.
If you’re thinking about selling your home anytime in 2017, you should do it today.
Yes, put your house on the market today. Why you ask? Well even though I’ve said it before, the situation has gotten even more acute. Inventory of available homes has hit a new low. That’s right, I’ve been saying for months that the inventory of available homes has been going down and is at the lowest point and long time. Well, it’s happened again. And I may very well be saying the same thing again next month.The available inventory has hit again, a new low.
Meanwhile demand remains very high. Why? Mortgage rates are still right around 4%. This is despite the fact that the Federal Reserve has raised the rates already once this year, and has stated that they will continue to raise the rates.
And buyers are saying that we better get that mortgage and get into a house now rather than wait because it will only cost them more as they go on.
So once again, if you’re looking to settle anywhere in 2017. Put your house on the market today. Call Bunny and Art