“The slump is over” in the housing market, says Lawrence Yun, NAR’s chief economist.
In an article titled, How Will the Housing Market Fare This Spring?, Yun stated that, “Better times are ahead for buyers.” Personally I think better times are ahead for sellers too.
The timing is interesting and follows my earlier blog post about the overall housing market and how conflicting some of the recent media articles have been. Bottom line fits with my earlier synopsis that with mortgage interest rates falling and seller asking prices lining up better with actual value and buyer affordability that buyers will be jumping back into the game.
Personally, I think it’s going to be a good time for both homebuyers and sellers over the next several months. If you had a house that didn’t sell recently check in with me and I’ll take a look at maybe why it didn’t sell this last go around and craft a plan to position your property in the best light to attract buyers and help you achieve your goals.