Housing Market Expected To “Spring Forward” This Year in North Palm Beach FL.
Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.
Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.
Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.
That hasn’t happened this year.
Demand for housing has remained strong as mortgage rates have remained near historic lows. Even with the recent increase in rates, buyers are still able to lock in an affordable monthly payment. Many more buyers are jumping off the fence and into the market to secure a lower rate.
If you are planning on selling your home in 2018, let’s get together to evaluate the opportunities in our market.
Source: Click Me
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712 U.S. Highway 1 North #300, North Palm Beach, FL 33408
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The Christian Penner Mortgage Team | Cell/Text: (561) 660-9222