Summer Will Be Hot Season for Homebuyers According to Experts
This spring market is hot and the momentum for buying and selling homes is not letting up. Since the news that the job sector has not been doing well and it was grossly overestimated in growth, the fed rate hike will not happen in the summer. Instead, the momentum for the huge spring market will push into the summer months as people are trying to secure homes for children before the school year.
According to RisMedia:
"U.S. new home sales posted their strongest month in more than eight years in April, while existing home sales rose for the second straight month, spurred by steady job growth and historically low interest rates. Johnson doesn’t see the strong demand for housing slowing anytime soon."
The limited inventory of properties that we're working with right now has catapulted us into a buying and selling frenzy that has the markets burning for more! If you're thinking of buying or selling, now would be the best time to lock in that low fixed rate or to get the most out of your current home to move into your next one!