Housing Market Update - September 2016

Word on the street from other agents across the country us that there are pockets around the country switching more to a buyers market. The interest rates in our current market have been at record lows for so long that we get lulled into a false sense of security that they are going to stay low. It's not a question of if they're going up; it's when. Right now when rates are low, there are more buyers that can qualify for a home. When rates go up, we're going to lose more buyers that can qualify for homes.

If your home is on the market right now, I don't want to be an alarmist, since here in the mid-west we still have a really great sellers market, but I want you to keep in mind that there are pockets of the country that are changing and to be aware of this for your thought process as to how to move onto your next chapter. If you think you want to sell in the next six months, let's be aggressive and be aware of what's changing nationally because it could impact you here.

If you are currently on the market, talk with your agent and have a conversation about the market and how you can be more aggressive and get your home sold now. If you're not on the market and you want to sell, please contact me!