{"id":3896,"date":"2018-10-03T16:30:36","date_gmt":"2018-10-03T20:30:36","guid":{"rendered":"https:\/\/dankrell.com\/blog\/?p=3896"},"modified":"2019-04-26T06:46:49","modified_gmt":"2019-04-26T10:46:49","slug":"winter-home-sale-profits","status":"publish","type":"post","link":"https:\/\/dankrell.com\/blog\/2018\/10\/03\/winter-home-sale-profits\/","title":{"rendered":"Winter home sale profits"},"content":{"rendered":"
\"winter<\/a>
Reasons to buy (infographic from keepingcurrentmatters.com)<\/figcaption><\/figure>\n

If you are planning to sell next spring, don\u2019t wait!<\/strong>\u00a0 Consider a winter home sale.\u00a0 A National Association of Realtors survey indicates that a surge of home sale inventory is on the horizon.\u00a0 The NAR third quarter Housing Opportunities and Market Experience survey indicated that 77 percent of Americans believe it to be a good time to sell (Homeowners Ready to Sell in the Third Quarter of 2018, says Realtor Survey<\/em>; September 25, 2018; nar.realtor)!\u00a0 This happens to be a record high for the survey.\u00a0 NAR Chief Economist Lawrence Yun believes that the strong sentiment is due to recent home price appreciation.\u00a0 He stated:<\/p>\n

\n

“Though the vast majority of consumers believe home prices will continue to increase or hold steady, they understand the days of easy, fast gains could be coming to an end. Therefore, more are indicating that it is a good time to sell, which is a healthy shift in the market.<\/em>“<\/p>\n<\/blockquote>\n

A winter home sale has less seller competition<\/h3>\n

The housing market conditions are such that we are on the verge of experiencing a d\u00e9j\u00e0 vu.\u00a0 Two years ago, winter home sales were fueled by rising mortgage interest rates, low inventory and pent up demand.\u00a0 As I predicted in a November 2016 column, rising interest rates and pent up demand were credited for the almost 10 percent jump in home sales by the end of January 2017!\u00a0 The massive jump in home sales occurred during the deep winter, when existing home sale inventory dropped about one-third of the summer inventory.\u00a0 Sellers who had a\u00a0winter home sale during 2016-17 were greeted by eager home buyers and faced little competition.<\/p>\n

Fast forward to 2018.\u00a0 Yes, admittedly, home sales have slightly dropped off during summer.\u00a0 But many are attributing this phenomenon to the lack of inventory. \u00a0Consider that Montgomery County existing single-family home sale inventory was almost 20 percent lower than that of the summer of 2016.\u00a0 Although summer home sales dropped off, indicators point to a hot winter housing market.\u00a0 Moderating home prices, combined with pent up buyer demand and a strong economy could make a winter home sale ideal.<\/p>\n

It\u2019s clear that home buyers facing rising interest rates have taken a pause.\u00a0 But as rates approach 5 percent, positive economic sentiment is lessening the shock and many are planning to buy before rates creep higher.\u00a0 Giving perspective to the mortgage rate hysteria, current mortgage rates are about the same as they were during 2014.\u00a0 Additionally, the last time we saw mortgage rates above 5 percent was in 2010.\u00a0 Rates exceeded 6 percent when home sales broke records during the market buildup of 2006.<\/p>\n

Current sentiment is good for a winter home sale<\/h3>\n

Another indicator that a\u00a0winter home sale may be primed is the most recent Fannie Mae Home Purchase Sentiment Index (No Thanks to Housing, Home Purchase Sentiment Edges Up<\/em>; fanniemae.com; August 2018).\u00a0 Home buyer sentiment increased the first time since May.\u00a0 Economists attribute this uptick to a strong economy along with the awareness of the recent market slowdown.\u00a0 The job and income related index components increased significantly indicating that buyers feel financially more secure with a home purchase.\u00a0 There is also a belief that home prices may moderate due to the summer sales slump.<\/p>\n

Winter home sales tend to have less competition and serious home buyers.\u00a0 As I said in 2016, don\u2019t wait until spring to sell your home!<\/strong>\u00a0 If you wait until spring to list your home, you\u2019ll be faced with a profusion of seller competition.<\/p>\n

Original located at https:\/\/dankrell.com\/blog\/2018\/10\/03\/winter-home-sale-profits\/<\/span><\/span><\/p>\n

By Dan Krell<\/a>.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Copyright \u00a9 2018.<\/p>\n

If you like this post, do not copy; instead please:
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\"Protected<\/a>
\nDisclaimer<\/a>. This article is not intended to provide nor should it be relied upon for legal and financial advice. Readers should not rely solely on the information contained herein, as it does not purport to be comprehensive or render specific advice. Readers should consult with an attorney regarding local real estate laws and customs as they vary by state and jurisdiction. Using this article without permission is a violation of copyright laws.<\/p>\n","protected":false},"excerpt":{"rendered":"

If you are planning to sell next spring, don\u2019t wait!\u00a0 Consider a winter home sale.\u00a0 A National Association of Realtors survey indicates that a surge of home sale inventory is on the horizon.\u00a0 The NAR third quarter Housing Opportunities and Market Experience survey indicated that 77 percent of Americans believe it to be a good … <\/p>\n

Continue reading “Winter home sale profits”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[123,382,8,32,256,288,13,26,27],"tags":[1129,1041,865,912,794,466,445,797,1130,507],"class_list":["post-3896","post","type-post","status-publish","format-standard","hentry","category-home-sale","category-home-seller","category-home-seller-tips","category-home-selling-strategy","category-home-selling-tips","category-housing-market","category-real-estate","category-real-estate-market","category-real-estate-market-trends","tag-buyer-sentiment","tag-get-top-dollar","tag-home-sale","tag-home-seller","tag-home-seller-tips","tag-housing-market-2","tag-housing-market-trends","tag-real-estate","tag-seller-sentiment","tag-selling-strategy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p1VZLf-10Q","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/posts\/3896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/comments?post=3896"}],"version-history":[{"count":13,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/posts\/3896\/revisions"}],"predecessor-version":[{"id":4347,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/posts\/3896\/revisions\/4347"}],"wp:attachment":[{"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/media?parent=3896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/categories?post=3896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dankrell.com\/blog\/wp-json\/wp\/v2\/tags?post=3896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}