Spring Real Estate Trends
Spring may mean weddings, graduations, youth sports or just allergies for you and your family; but for real estate agents and brokers, spring is the busiest time of the year. It’s the time they kick it into high gear, with packed schedules, busy days and nights showing and listing homes, meetings with clients and more. And this spring, that is especially true. So the expert team at the Equifax Finance Blog is sharing its top three real estate trends for buyers to watch this busy buying season in the recent article, “Real Estate Trends to Watch this Spring.”
Whether you are a first-time, move-up or downsizing buyer, it’s important to know what’s happening in the market.
Home prices are on the rise. Nationwide, prices have risen 8 percent over the past year; the highest increase since mid-2006. Much of this increase is due to increased investor activity; which accounts for a larger proportion of buyers than in past years. As a new home buyer, you don’t need to worry about prices rising too high too quickly, though; according to the article, prices will likely rise and fall over the coming months and into the next few years. And with all of our McHenry new homes, you can rest assured that you will get the best value for your dollar.
Housing inventory is limited. Across the U.S., the number homes for sale has fallen 15 percent, according to Realtor.com. Tighter supply means leaner options for resale buyers, but for new home buyers, Gerstad Builders has plenty of McHenry County new homes and communities at prices starting in the $150,000s and up into the $300,000s.
Interest rates remain low. Historically low interest rates are keeping home prices affordable in communities across the nation, and here at home.
To learn more about our beautiful homes, visit www.GerstadBuilders.com.