Warm up to Buying a Home this Winteradmin
As winter makes itself more at home, buyers might notice that despite the cold and the holidays, they’ve got some company in the market. We are seeing more buyers stick around in the housing market much later than we usually do at this time of year. With low inventory and high prices bringing a lot of competition for buyers it is likely that this winter will continue to be a seller’s market.
In fact, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), predicts, “It will be one of the best winter sales years ever.”
With a lot of buyers still in the market this winter, sellers who want to close with the best possible terms shouldn’t wait until the spring to put their home on the market. Buyers may find the increased competition discouraging, but it doesn’t mean they should postpone your search!
While today’s historically low mortgage rates are expected to remain low into the new year, they won’t be low for too much longer. This could be the last chance for homebuyers to secure a low rate.
The winter market is shaping up to be bigger than ever. If you are looking to take advantage of the low rates, contact us today to get pre-approved and give you a leg up on the winter competition.