New Home Sales at 5 year high!

30 Second Real Estate Update

New Homes Sales at highest level since 2008 and consumer confidence highest level in 5 years.  These are all good news for Current Homeowners and potential Sellers in this market, but there are indicators on the horizon that these large increases won't last.

Interest Rates are rising. We have certainly seen the bottom, at least for now.  As rates continue to rise, it will make home ownership less affordable relatively speaking.  This will cause some pressure on the demand side.

Investor appetite also appears to be fading.  In the markets like Southern California where we have seen a dramatic rise in values, that eats into returns for investors who are wanting to buy and hold.  It also diminishes opportunity for those who were in the market of buying and flipping.  This will also impact the demand side of the business.

These are just two of the things that should begin to stabilize market values.  So, if you are thinking about selling, now is still a really good time to do so.  Call me to set up a private, one-on-one real estate strategy session today.