Houston Real Estate Report – Top 5 Reasons To Sell Now
Posted by kwswrealty
Many Americans are chatting about the reasons why right now is the ideal time to buy new Houston real estate. We have already gone over the reasoning as to why now is the opportune time to purchase a home, but let’s dive a little deeper into why selling your Houston home right now makes complete sense. We have compiled 5 reasons as to why right now is the best time to sell.
1.) Demand for Houston Real Estate Is High
Any real estate is currently selling at the quickest pace since late 2009 when the market jumped due to the home buyer tax credit. The current Existing Home Sales Report by the National Association of Realtors (NAR) stated that monthly real estate sales have substantially increased 9.7% over the previous month from last year. Total homes and properties sold have been above year-ago levels for 22 consecutive months. Buyer traffic Is up to an unheard of 31 percent higher than one year ago and these Houston real estate buyers are quite serious about purchasing.
2.) Supply Is Slowly Starting to Increase
The total property inventory this previous month rose 11.9% to a whopping 2.16 million homes for sale. This, as of right now, displays a 5.2-month inventory supply at our current rate of sale, compared with an extremely low 4.3 months in January. Most real estate experts are expecting inventory to continually raise as negative equity slowly starts to escape most sellers homes. Bidding wars are occurring, and selling your home now may result in a higher price than originally thought.
3.) New Home Construction Is Coming Back With A Bang
During the previous few years, new homes were not a worry for competition when looking to sell your previously owned property. As the market starts recovering faster though, national builders such as David Weekly, D.R. Horton, Meritage Homes and KB Homes are making a drastic change to their building strategy. Although there are multiple differences that you must look into when comparing new versus pre-owned homes, this is still an upcoming threat to look at.
4.) Interest Rates Are Drastically Rising
Shown from Freddie Mac’s Primary Mortgage Market Survey, real estate interest rates for a traditional 30-year mortgage have increased to an unprecedented 3.98%, which ultimately represents a substantial rise of more than ½ point since January of this year. What is even scarier, is that even the experts in the Houston real estate field of mortgage rates are still expecting them to increase. For example, Polyana da Costa, senior mortgage analyst at Bankrate.com said:
“Rates are unlikely to keep going up so quickly and should remain below 5%.”
Whether you are looking to increase or downsize your current living situation, purchasing a home one year from now will be much greater than the rates you can receive at this moment.
5.) It’s Time to Make the Move You Have Wanted To
Put down on paper the reasons why you would even think about moving and let’s take a quick look at what is available for you right now. You have the ultimate power again to take back all of the control of your living situation by just letting us help you sell your house today. The time has officially come when you and your family can make the move, for the right price, and enjoy what truly matters in life, being with the ones you love.
1650 Highway 6, #350
Sugar Land, TX 77478, US
Posted on June 18, 2013, in Keller Williams, Luxury Real Estate, Real Estate, Sugar Land, Texas Real Estate and tagged buying and selling homes sugar land, century 21 sugar land, coldwell bank sugar land, home buying, homes, homes for sale, houston, houston homes, houston real estate, houston realtor, keller williams, keller williams realty, real estate, real estate company, realtor, sugar land, sugar land real estate, sugar land realtor, texas real estate, texas realtor. Bookmark the permalink. Leave a comment.