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Showing posts from March, 2019
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The Housing Market Will “Spring Forward” This Year! The Housing Market Will “Spring Forward” This Year! Just like our clocks this weekend, in the majority of the country, the housing market will soon  “spring forward!”  Similar to tension in a spring, the  lack of inventory  available for sale has been holding back the market. Many potential sellers believe that waiting until Spring is in their best interest. Traditionally, they would have been right. Buyer demand has seasonality to it. Usually, this falls off in the winter months, especially in areas of the country impacted by arctic conditions. That hasn’t happened this year. Demand for housing has remained strong as  mortgage rates  have remained near historic lows. Even with an increase in rates forecasted for 2019, buyers are still able to lock in an affordable monthly payment. Buyers are increasingly jumping off the fence and into the market to secure a lower rate. The  National Association of Realtors