As our weather warms up, so does our real estate market! Falling interest rates in March have increased buyer activity, though inventory remains low in our area. Buyers are looking for homes and if you've been considering selling, now might be a great time to list your home. According to Joel Kan, VP and Deputy Chief Economist at the Mortgage Bankers Association: “Application activity increased as mortgage rates declined . . . recent increases, along with data from other sources showing an uptick in home sales, is a welcome development.”
A recent report from the National Association of Realtors shows the average home owner has been in their current home for 10 years. Your life may have changed considerably in the past ten years! If you find that your current home no longer fits your needs, even if you thought it would be your "forever" home when you bought it, give us a call. We'd be happy to chat about your options to see if selling might be the right choice for you.
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