Is This the Best Time To Sell Your Home?
Yes, more than ever before. There is a pent up demand that the dam is going to burst. Look at Figure A. It is much more costly to rent than it has been historically; yet, it is more affordable than it has been historical to buy a home.
Do you think interest rates are going to skyrocket and leave people behind in the dust? Look at Figure B. Doesn’t look that way to me. Yes, there is going to be gradual rate increasing; however, none that is going to scare potential buyers a way in the next six months. Quite on the contrary, buyers are going to be wanting to buy to avoid the rate increases.
It is all about timing. If you have been waiting to move, the next couple of ears is the time. Otherwise, the market will shift again to a more neutral setting. If you are on the fence, time to get off. Get your house ready to sell and MOVE!