I have to say that this past month we have seen some record prices which have people buzzing. We are starting to see inventory increase, but the factor still remains that people who refinanced at historically low rates aren’t so anxious to give up their great terms and explore other options – therein lies the conundrum. These days you need an extraordinary reason to sell. To paraphrase the NY Times, as a seller you need one of the five D’s.
Diamonds (Marriage)
Diapers (Children)
Divorce
Downsizing
Death
According to Research Analyst John Campbell, “Major life events will eventually overwhelm a subset of families who are trying to wait it out.” As a listing agent, I see this scenario playing out repeatedly.
Real Estate is a strategy game. It would be my pleasure to be your Quarterback if you are considering a move.