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The US property market is about to see a turn in the coming months, according to an industrial specialist.
List prices of the US House According to industrial experts, click on a high level to sign a potential turn to the buyers’ market.
In general, the cost of houses in the United States will increase by 20.3% per year to a year, according to the final report of Redfin real estate, the record reached $ 698 billion. The increase was managed by increasing inventory, slowdown and increase in home sales prices.
The number of sellers, the number of buyers, RedFin Chief Economist Daryl Fairweather Fox business has prepared to change the market for the next few months.
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“All these houses are on the list Really high pricesWhy sit on the market. However, buyers are not able to give these high prices, so they go out of the market, “said Fairweather, mortgage prices, insurance costs and property taxes are high.” Buyers do not buy in these prices. “
In the United States, the value of houses has reached 20.3% per year since its years ago, according to Redfin real estate report, the record reached $ 698 billion. (Justin Sullivan / Getty Images) / Getty Images)
Fairweather noted that there is a better choice in the rental market.
As a result, houses sitting in the market should be noted at the price and consider more conservative to receive any new home offer listed. Otherwise, sellers will be forced to delete or maintain their homes in sidelines.
“These people have passed since they took the houses. It has changed. The economy changes. Therefore, more homeowners need to bullet and reduce their prices,” he said.
The founder of real estate company Noel Roberts, which specializes in the market operations, Fox business, as “changes the game” for vendors, continues to be stronger as “games change” as inventory.
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The number of houses in the world has reached the highest year in April, as the mortgage locking force has been reduced, and the mortgage lock is reduced and the homeowners are trying to cash in economic uncertainty. Homes are also about a week before a week before the market. According to a real estate company, there is an increasing part of the market in the market for more than two months.
A house for sale in front of a house in Huntington Beach. ((Via Allen J. Schaben / Los Angeles Times Getty Images) / Getty Images)
“Sellers can no longer rely on the scarcity to make a heavy lifting. When building inventory, sellers will have smarter, more strategic playboxes,” said Roberts. This includes the presentation, updating the presentation and the right buyers include early aiming.
This time, according to Roberts, provides an opportunity for buyers that hold more space.
“In some submexics, this may be the first real opportunity over the years.
The current environment is “less about suffering and discipline”, noting that sellers who are active in the environment are likely to find a good value for the active homes and buyers.
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Separate the sellers and unplug what the buyers want to pay, some householders are closed to relatively inexpensive mortgage loans. As a result, many do not feel valuable to sell, unless a significant price that does not give up the lower rate. As of February, the mortgage has an interest rate under 82.8% of the hosts with a mortgage. Average degree in A 30 years of fixed mortgage Freddie is currently 6.85% according to Mac.
However, the locking force began to relax and many should move because they are used to raised degrees of Americans.
Sellers will still receive Decent worth According to Fairweather, it is for their homes, given the market. He is preparing to put pressure to reduce the prices to get the sales of many vendor projects to move.
