Real Estate Trends To Expect This Spring
While home sellers are expected to continue holding the upper hand this spring, rising mortgage rates may cause buyers to change their focus to a smaller or less expensive property. Sellers will also face more competition as more homes hit the market, although inventory is expected to remain relatively low through the first half of the year.
Homeowners thinking about selling will face a tough decision: Sell now while prices are high, and potentially pay more for a new home -- or delay selling and risk more competition.
* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.