Exact Time of Year Best to Sell a Home – You’ve got to be quick

THE housing market is still red hot.

Over the past year, we’ve seen the housing market grow at a rate no industry expert could have predicted.

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This blazing market is great news for sellers as they are in the perfect position to take advantage of the rising prices.

So for those thinking of participating in the blazing market, you have about two weeks.

Realtor.com predicts the best week to sell your home will be between April 10th and April 16th.

This particular week in April is said to be ideal as conditions in the housing market are more favorable to sellers than any other week of the year based on 2018-2019 seasonal trends and 2021 data.

Danielle Hale, Realtor.com’s chief economist, added to Reuters: “Mid-April will bring sellers to the market just ahead of a big spike in listings in May.”

It’s unclear how long the market will stay hot as the Fed has attempted to stem inflation by raising interest rates.

During the pandemic, we saw the beginning of the boom when the housing market experienced record growth.

A Realtor.com survey found that as of spring 2021, just 10% of homeowners had plans to sell within 12 months, but that number rose to 26% in the fall.

Are we in a real estate bubble?

A housing bubble is a period of unexpected or unusual growth in demand for real estate and housing, usually accompanied by a sudden or unusual increase in house prices.

It usually occurs when demand exceeds supply, causing the average price of properties for sale to increase drastically.

When the bubble bursts, prices fall and value plummets, ultimately hurting those involved.

When this happens, homeowners end up owing more of their property than it is actually worth.

Based on new evidence, Fed researchers see signs of a bubble forming as housing markets continue to rise across the country, CNN reports.

They said: “Our evidence points to abnormal behavior in the US housing market for the first time since the early 2000s boom

“Certain economic indicators are cause for concern … showing signs that house prices are increasingly out of step with fundamentals in 2021.”

market forecast

Many experts find it difficult to predict this current housing market.

What is Realtor.com predicting?

unpredictability.

Rent and mortgage rates are said to rise as incomes rise, and this year will bring unpredictable housing affordability challenges.

However, Americans are expected to see a competitive seller’s market as demand for first-time buyers outstrips inventory.

Home sales will remain strong, buyer competition remains solid, and affordability could become an issue as interest rates rise.

This ex real estate agent shares her secrets.

In addition, these colors reduce the value of your house.