Monthly Market Update - October 2017
We understand the demand side…low interest rates, strong economy, increased job growth, yet why aren’t more seller’s selling?
Economists delved deeper to answer this.
- It is thought as interest rates creeped up sellers became more hesitant to sell because they became use to low mortgage rates and didn’t want a higher rate on their next home mortgage.
- Sellers aren’t sure if they would find a home when theirs sold
- New construction shortage. Builders aren’t building entry level new construction anymore. And we won’t see this till the builders can find a cost productive way to do so.
We can now advertise your home on TV! Xfinity introduced a new on demand real estate channel where seller’s can search for homes for sale. We are one of the few realtors with the ability to feature you home for sale on TV!
As always be on the look out for next month’s market update. If you hear of a friend or family member looking to buy or sell remember to tell them about The Swain Team.