Offered by: Scott & Lora Nordby – Berkshire Hathaway HomeServices
Many people think that because the peak home prices have already come and gone, that you may have missed your opportunity to sell your house. That is untrue and, as a matter of fact, you might find that this year is the best possible year to get your house sold. Here are a few things to consider when discussing your real estate goals for 2020:
Interest Rates are Still Low
The Federal Reserve kept interest rates unchanged at the end of 2019 and intends to keep rates in the target range of 1.5%-1.75% in 2020. This makes buying a new home attractive for new buyers entering the market.
New Buyers and Upsizers
With Millennials continuing to enter the market to buy their first home, and current homeowners considering upsizing their current home, as well as the influx of new residents and other buyers, there are a lot of people looking at a new home. Many real estate agents are saying (after only a few weeks into the new year) that the spring season is already upon us!
Renting Still in High Demand
While interest rates are low for people that can afford to buy a home, there are still a lot of renters in the metro area. If you don’t want to leave your home, but you’re interested in an investment home, now is a good time to talk to your REALTOR about your goals.
With the peak season just ahead of us, if you’re considering buying or selling a home this year, it is a good idea to talk to a REALTOR® who can give you the information you need to help make a decision. From determining your goals to finding out the value of your home, a real estate professional can get you on your way to capitalizing on the outstanding real estate market conditions.
If you need help or have any questions, call us today at 303-905-8850!