Lee Rood Realtor

Here are our updates pertaining to market trends!

The average number of offers on recently sold homes is rising. While it’s not at the levels seen over the last couple of years, this is still good news for sellers. We’re still seeing more offers than we usually would in typical years for the housing market. If you’re ready to sell, let’s connect so we can get your house on the market and in front of eager buyers.

This Real Estate Market Is the Strongest of Our Lifetime When you look at the numbers today, the one thing that stands out is the strength of this housing market.

How much can you afford? Here is a table to help you get an idea of what a payment would look like!

During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year.

>>The Bad News: It Rattled Consumer Confidence

These forecasts put doubt in the minds of many consumers about the strength of the residential real estate market. Evidence of this can be from Fannie Mae. It showed a larger percentage of Americans believed home prices would fall over the next 12 months than in any other December in the history of the survey. That caused people to hesitate about their homebuying or selling plans as we entered the new year.

>>The Good News: Home Prices Never Crashed

However, home prices didn’t come crashing down and seem to be already rebounding from the minimal depreciation experienced over the last several months.

In a report just released, Goldman Sachs explains, “The global housing market seems to be stabilizing faster than expected despite months of rising mortgage rates, according to Goldman Sachs Research. House prices are defying expectations and are rising in major economies such as the U.S. . . . ”

When the forecasts of significant home price appreciation were made last fall, they were made with megaphones. Mass media outlets, industry newspapers, and podcasts all broadcasted the news of an eminent crash in prices.

Now, forecasters are saying the worst is over and it wasn’t anywhere near as bad as they originally projected. However, they are whispering the news instead of using megaphones. As real estate professionals, it is our responsibility – some may say duty – to correct this narrative in the minds of the American consumer.

Oops! Home Prices Didn’t Crash After All During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year.

We are seeing the spring market beginning as the weather improves and the rates are edging down!

Homebuyer Activity Shows Signs of Warming Up for Spring The spring season appears to be warming up in housing as more and more buyers enter the market. 

If you or someone you know is thinking about selling, this is helpful information!

Two Reasons You Should Sell Your House Wondering if you should sell your house this year?