U.S. Housing Inventory Hits a New Low… List Your House TODAY!
Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.
Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.
Truliareported that “U.S. home inventory has tumbled 8.9% over the pastyear and has now fallen for nine consecutive quarters.” There is now 20% less inventory than there was five years ago.
Here is a chart showing the decrease in inventory levels by category:
Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the perfect time.
Author:Yael Shanee Phone: 917-705-3717 Dated: July 24th 2017 Views: 773 About Yael: Real Estate Agent CBR (21 years experience)
Specialties: Buyer's & Seller's Agent, Income and Mixed...
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Real Estate Agent CBR (21 years experience)
Specialties: Buyer's & Seller's Agent, Income and Mixed Use Properties
Yael Shanee has an extensive financial background in the business world in the US and abroad which has armed her with the keen understanding that Real Estate transaction is the largest investment a person can make – one which requires the seasoned guidance and attention of a qualified, dedicated professional.
Being a people's person and having excellent communication skills, Yael has been recognized as "Ice Breaker" and great negotiator who builds trust and goes extra mile to assist her clients. She is keenly aware of the emotional nature of buying or selling a home and works to ensure the ultimate satisfaction of her clients.
Yael has enjoyed living in Queens. Her familiarity with the communities life style has granted her the advantage to lead her clients to their ultimate home.
As a world Traveler, her passion for understanding new cultures has influenced her unique style and approach. She has a knowledge and appreciation for different architectural inspirations and styles from different parts of the world. She converses in English, Hebrew, French and Spanish