Sell My House In Imlay City | Are We Entering a Buyers’ Market?
Team Success Listing LLC
Most real estate brokers and agents don’t really have all the tools needed to provide 100% selling services to sellers that need to sell their homes at a fair price.
Today, we would like to talk to you about “Are We Entering a Buyers’ Market?“
Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking in Imlay City we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?
The market has definitely softened. However, according to two chief economists in the industry, we are a long way from a market that totally favors the purchaser:
Dr. Svenja Gudell, Zillow Chief Economist:
“These seller challenges don’t indicate we’re suddenly in a buyers’ market – we don’t expect market conditions to shift decidedly in favor of buyers until 2020 or later. But buyers certainly are starting to balk at the rapid rise in prices and home values are starting to grow at a less frenetic pace.”
Danielle Hale, Chief Economist of realtor.com:
“The signs are pointing to a market that’s shifting toward buyers. But, in most places, we’re still a long way from a full reversal.”
In addition, Pulsenomics Inc. recently surveyed over one hundred economists, real estate experts, and investment & market strategists and asked this question:
“When do you expect U.S. housing market conditions to shift decidedly in favor of homebuyers?”
Only 5% said the market has already shifted. Here are the rest of the survey results:
Bottom Line
The market is beginning to normalize but that doesn’t mean we will quickly shift to a market favoring the buyer. We believe Ivy Zelman, author of the well-respected ‘Z’ Report, best explained the current confusion:
“With the rate of home price appreciation starting to decelerate alongside the uptick in inventory…we expect significant debate about whether this is a bullish or bearish sign.
In our view, the short-term narrative will probably be confusing, but more sustainable growth and affordability will likely be the end result.”
Source … KCM Donald Horne Blog
To show our commitment to our clients, we will utilize the latest technology, know-how and information allowing us to bring you the best and highest offer for your home.
To connect with us directly, call or text 810-338-0628 or email to teamsuccesslisting@gmail.com
Are you considering selling your home? If you are, we would love to meet with you soon to show you what comparable properties have recently sold for, give you an estimate of your home’s current market value and review with you our marketing program.
Team Success Listing Sold Mine! Call or text us at 810-338-0628.
Team Success Listing LLC
Donald Horne / Shirley Grindle / 810-338-0628
teamsuccesslisting@gmail.com