What goes up, must come down

What goes up, must come down

THE LAW OF PHYSICS APPLIES TO HOUSING:    

What goes up must come down and now is    

the best time to SELL.

Home buyer demand is back with a vengeance.

Home inventory remains low

Some reasons for the shortage of available   

homes have little to do with the recent   

coronavirus crisis. The number of homes for   

sale is at a “generational low,”  because   

people are living in their homes longer than   

they used to.  The lower inventory is also the   

result of fewer distressed properties on the   

market, “due to the massive government stimulus   

support, including mortgage forbearance and generous   

unemployment benefits,”   

But what will happen when all these "PERKS" go away?

pending home sales shot up 44.3%—the highest month-over-month jump since 2001, when the index began.

Home prices are up

With demand for homes up and inventory down, the conditions are perfect for home sellers to get high prices.

“Many sellers can get top dollar in the current market conditions,”

This good news may come as a surprise to sellers, since it was expected that the housing market would take a hit and home prices would drop because of the pandemic. That’s quite the contrary.


Juanita Long Headshot
Author:
Phone: 704-906-3764
Dated: March 16th 2021
Views: 144
About Juanita: Juanita, is a 30 plus year veteran of the Real Estate industry. After attending college as well as...

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Location & Address

Juanita Long
4975 Lacross Rd Suite 355
North Charleston, SC
704-906-3764