Better for Buyers or Sellers?
This article is brought to you by our partners at Paragon Bank.
Experts expect that the spring homebuying season will be exceptionally strong. But a question remains about the real estate market: will it favor buyers, sellers, or both? Let’s take a closer look at who will benefit the most from the upcoming homebuying season.
Based just on consumer confidence, it appears that the spring homebuying season may be beneficial for both buyers and sellers. According to Fannie Mae, one of the nation’s top mortgage investors, Americans are extremely optimistic about the housing market’s direction. Growth typically means that it’s a good time to both buy and sell a home, and indicators are that Americans believe interests rates will stay low while their incomes will increase.
So, who actually is going to benefit from the strong spring market? By examining a few facts, it should be clear that home buyers will have the advantage this spring. For starters, home prices are still on the rise but not as sharply as they once were. Interest rates are going to stay low through the spring, which is the reason for the strong market, and as almost everyone knows, low interest rates are better for buyers.
The spring homebuying season is going to be very strong, and tilted in favor of home buyers. If you’ve been thinking about buying a new home, now is the perfect time.