There’s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house. Here are three of the top questions you may be asking – and the data that helps answer them – so you can make a confident decision.
Should I Wait To Sell?
The supply of homes for sale has increased in 2022, but inventory is still low overall. That means it’s still a sellers’ market and buyers are still struggling to get their home on the market.
Are Buyers Still Out There?
Millennials make up the largest share of homebuyers (43%) in the U.S., according to a recent National Association of Realtors report. Once known as the ‘rent generation,’ millennials have proven to be savvy buyers who are quite nimble.
Can I Afford To Buy My Next Home?
Homeowners have gained significant equity over the past few years and that equity can make a big difference in the affordability equation. For some, moving and taking on a higher mortgage rate isn’t a huge deal if they are moving to a more affordable city. First American Chief Economist: Homeowners have historically high levels of home equity.
If you’re thinking about selling your house this season, connect with a trusted real estate advisor so you have the expert insights you need to make the best possible move today.