Real Estate UPDATE: It’s A Seller’s Market!

It’s a Seller’s stage! Here are four reasons you might want to list your home:

  1. Low housing supply: Tight inventory is a main reason the ball is still in the sellers’ court.
  1. Fewer cash buyers: All-cash and investment buyers helped buoy home sales in the last couple years. And while the acceleration of home prices has slowed from its recent double-digit growth, experts still expect modest gains this year, but with fewer cash buyers.

3. Higher interest rates: While mortgage rates remain low, experts predict more buyers will enter the market in the coming months.

  1. Rising rents: Rising rental prices could motivate tenants to make the leap into home ownership. Rent prices have risen 15% nationwide in the past five years in 70 metro areas across the U.S. and income growth hasn’t kept up, according to NAR.

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