Spring, Summer Yield Best Days to Sell a Home
ATTOM: May, June and July offer seller premiums of 10% or more above market value. The top 15 best days to sell are in the month of May.
ATTOM: May, June and July offer seller premiums of 10% or more above market value. The top 15 best days to sell are in the month of May.
Having a baby is often a leading housing decision, prompting new families to buy a home or desire a larger home, according to NAR research.
Google searches: From Jan. 2021 to Jan. 2022, the top trending career search entry was “how to become a real estate agent.” The profession draws job seekers.
The Fed’s 0.5% increase in a key interest rate this week is an aggressive move to slow inflation. But borrowing money to buy or fix up a home will cost more.
Chief Economist Yun told Realtors at Legislative Meetings this week that 2022 has thrown curveballs like “record-low inventory and unyielding inflation.”
Video helps Realtors form connections via social media, which has about 4.62B active users globally. Studies show listings with videos get 403% more inquiries.
NAR Chief Economist: Except for the office market, sectors like industrial, apartments, hotels and retail are up and should do well, especially short-term.
Record-low mortgages below 3% are gone; credit card rates will likely rise along with the cost of an auto loan. Savings accounts might earn a little more.
Experts offer mixed views. Some say moderately priced-home sales won’t slow yet due to low inventory; others expect impacts from stocks to the housing market.
Freddie Mac: Up from 5.1% last week, it’s the highest since 2009. The average 15-year mortgage rate is now 4.52%, up from 4.4%.