Why has the Real Estate Market begun to surge upward? Well, for one thing it has taken a while since the market turned downward in 2007. Now due to a number of factors we are finally seeing smiles come back to the faces of many sellers. Here are some of the reasons: New housing stats are rising across the country as inventories of existing homes drop. Consumer confidence is also on the up swing. Prices remain attractive, despite reports of multiple offers becoming more and more common. Buyers who have remained on the sidelines now recognize that it’s buy now, or pay more later. Most economists are predicting that the mortgage rates should remain below 4% for the remainder of this year for qualified buyers. However, Sellers must remain cautious also – they still need to be competitively priced in order to attract serious buyers. So if you are planning on buying or selling, take care to understand what is happening in your area. Being prepared is always the best approach. Good Luck!
