Zillow: Home Shopping Early May Pay Off
Zillow predicts another hot spring market this year, as well-priced homes are selling quickly and overpriced homes are seeing price cuts.
Zillow predicts another hot spring market this year, as well-priced homes are selling quickly and overpriced homes are seeing price cuts.
More and more sellers are hoping for a windfall, listing now before the seller’s market runs out of steam. But it’s not always as simple as waiting for a horde of buyers to arrive with all the money they can muster.
A new report from Redfin suggests bidding wars increased in frequency in Greater Boston as the spring market heated up last month.
A new survey from Zillow suggests that the nation-wide shortage of sellers may be caused, in part, by some holding out for higher prices.
The launch of HOMERedi makes Jack Conway part of a growing cohort of real estate brokerages, including Compass and Coldwell Banker, willing to temporarily foot the bill for home improvements that keep housing stock moving and fetching higher prices.
Sellers stayed home, buyers swamped markets statewide, the Cape posted record sales figures and urban condos kept selling. What didn’t happen in the spring-turned-summer real estate market?
With mortgage rates falling below 3 percent for the first time in five decades, would-be homebuyers are chomping at the bit to get out there and find new places. But when they finally do jump off the sidelines, they’re likely to find slim pickings.
It may be too early to forecast exactly what lies ahead for the housing market once COVID-19 passes into the history books. But at this point, the sector seems poised to retake its place in leading the economy back from the coronavirus-inspired recession.
For the most part, underlying confidence in the Boston-area housing market remains strong, area real estate agents say.
To succeed in a declining market, focus on generating more buyer leads. You must also aggressively price your listings slightly below market value, or your sellers will end up “chasing the market down.”
The American housing market is definitely changing. Maybe not everywhere, at least not yet. But in most places, sellers are slowly losing their dominance and buyers are taking control.
Have we arrived at one of those rare Goldilocks moments in real estate, where the market works well for both sellers and buyers, strongly favoring neither?
The share of Americans who think now is a good time to buy fell 8 percent to a record low 27 percent last month, according to the Fannie Mae Home Purchase Sentiment Index for May. The percentage of those who say now is a good time to sell increased 6 percent to 32 percent, a record high.