By The Kent Redding Group
AUSTIN, TX. – Thanks to recent statistics from Fannie Mae, and the National Housing Survey, we know that 62% of people surveyed feel that right now is the perfect time to sell their homes thanks to market conditions like rising home prices, buyer demand, and low mortgage interest rates.
Some Home Owners Are Cautious About Selling
Although most homeowners are eager to sell their homes right now many homeowners are cautious about selling at the same time because they know that they will have to deal with very same Real Estate market conditions as other home buyers.
"They [still] have to find a new place to move," says Sarah Shahdad, a market insights researcher at Fannie Mae. "If they don't see an affordable buying opportunity, they might be hesitant to list their homes for sale—even if they think it's a good time to sell."
The bank account–busting price tags of properties are also leading more people, about 33%, to think it's not a good time to be a home hunter. That's compared with 27% who thought it wasn't an ideal time to buy in April.
"People who think it’s a bad time to buy are concerned about high home prices," Shahdad says. "The supply of homes is tight, which is pushing up home prices."
And nearly half of Americans, 48%, believe those prices are going to get even higher compared with just 8% who think they'll go down, according to the survey.
Sell Your Austin Texas Home
To get started with selling your Austin Texas home contact the Kent Redding Group today by calling us at (512) 306-1001 or click here to connect with us online.