If you are planning to sell your house – it’s a high time to do it this year!
According to a recent poll by Fortune home values will continue to rise in 2015, but a bit slower than they did it last year. Zillow’s economists predict the prices to rise for about 3% this year, nearly half the current clip. Realtor Mag predictions for 2015 are even more attractive with an expected home price appreciation increase of 4-5%.
Both Fortune and Realtor Mag agree that millennials will drive household formation in 2015. The Census Bureau announced that the group of now-23-year-old Americans is the largest in the country, followed by 24 and 22-year olds. Most of them are planning start to families and currently consider buying homes of their own. Besides, they are expected to drive 2/3 of household formations over the next 5 years according to the Realtor.
Today numerous surveys of homeowner sentiment suggest that more of them will look to sell their homes in 2015, thus putting more downward pressure on prices and timing. For example, at the beginning on 2015 it takes 100 days on average to sell a house in the Newport Beach area, whereas the whole process used to take just 69 days in March 2014.
Loads of new house listing flood the market in spring, so make sure you come prepared by implementing a few simple, yet actionable hacks that will drastically increase your home value without spending much!
Trust eXp Realty and our team of real estate agents to help you find homes for sale in Maine or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.
"Working with eXp Realty was a pleasure. When we started, we had no idea what we wanted, but our buyer agent helps us figure out the pros and cons of all our options. Our agent went the extra mile willing to put in the extra effort to answer our questions, to make sure we were happy with our decisions, and educated about the market and local area."