Buyers searching for YOUR home, find your home value today!
National Association of Realtors recently released Pending Home Sales Index which showed a slight increase in contracts through December 2016. This information comes at a time when existing home sales are forecasted to be on pace for 5.54 million in 2017, a 1.7% increase over last year.
This is extremely important since 2016 was a historical year for home sales across the entire nation. Buyer demand has certainly not slowed down – if anything it is increasing as mortgage rates are still affordable. As a result sellers are in the drivers seat. Buyers searching for your home, find your home value today!
The Pending Home Sales Index is the utmost indicator for the housing market. The index is based on pending sales of existing homes. A home sale is reported as pending when the contract has been signed.
According to NAR’s Chief Economist, Lawrence Yun,
“Pending sales bounded last month as enough buyers fended off rising mortgage rates and alarmingly low inventory levels to sign a contract.”
The major issue continues to be the lack of available housing inventory. Buyers searching for YOUR home, find out your home value today! Seriously, they are…and they are willing to pay top dollar for it!
In conclusion, if you are considering selling your home this year, the early months of 2017 will be the optimal time to do so. Not only is there less competition but the buyers that will be searching for your home will be ready, willing and financially able to purchase your home.
Due to the current market conditions its the perfect time to discuss listing your home and how to capitalize on your biggest investment. Give The Mischel Group a call today! We can be reached at 201-851-1781 or firstname.lastname@example.org. Its the right time to find out the current market value of your home. Get a copy of our FREE SELLERS GUIDE HERE!