As 2018 progresses, the housing market is undergoing numerous changes. As pundits try to decide which way this year will ultimately go, buyers and sellers are faced with a number of options. From finding properties priced lower than anticipated in some parts of the country to some areas lacking a strong inventory of available homes, there are many trends to watch. If you’ve decided it’s time to sell your house quickly due to relocation, inheritance, divorce, illness, or something else, here are some 2018 trends that may influence how you decide to proceed.
While the real estate market was initially a bit slow in early 2018, the last half of the year will be anything but. With the warm weather, first-time home buyers, as well as renters, are expected to be ready, willing and able to purchase the home they’ve wanted for years. Between increases in wage growth and the federal government’s new tax plan, buyers will be eager to spend money, which is good news for home sellers.
If you’ve come to the conclusion that it’s time to sell your house, you’re doing it at a great time. Across the country, 2018 continues to see a smaller number of quality homes available for sale. However, as optimism about the nation’s economy begins to grow, more people who may have been reluctant to buy or sell homes will finally enter the market. Because of this, there’s no better time than now to sell your home, especially if you’re doing so due to divorce, relocation, or another event, as buyers are likely eager to pay your price.
While for years the trend in the US housing market has sailed toward renting rather than buying, that’s changing in 2018. As renters opted to wait until the economy got a little better, they’ve saved their money and are looking for a place. to call home. And with this happening across the country, you’ll be in a much better position than many other home sellers. By being able to offer your home at a price that will likely beat many other similar properties, your home is likely to sell quickly.
Millennials, both single and married, are slow to enter the housing market and are now eagerly seeking new homes. According to industry experts, more than 62 percent of Millennials say they are currently on the market for a new home, which should be music to the ears of those looking to sell their properties quickly. With lots of money to spend, there’s no question that buyers in this age group may, in fact, be your best real estate customers.
