Hot Spring Season For Buyers

Dated: May 22 2019

Views: 113

The past few years in the US, real estate markets have been marked by historically low inventory, increasing prices, and fierce competition for property—which has made it extremely challenging for potential buyers to successfully find and purchase homes.

But it looks like that’s starting to change. This spring, the housing market in the US is projected to be much more buyer-friendly than it has been in recent years.

In a recent article for Forbes, Lawrence Yun, chief economist at the National Association of REALTORS™, said that the spring season will mark improving conditions for buyers. Yun cites numerous factors for his optimistic spring market projections including improved consumer sentiment about the economy (which is at a near all-time high), falling mortgage rates, and increasing incomes across the country, which will help with housing affordability (according to the article, the recent wage gain of 3.4% is the highest the US has seen in ten years).

The Takeaway

If you’ve been thinking about purchasing a home, this spring is a great time to make a move. As Yun puts it, “The slump is over. Better times are ahead for homebuyers.”

Blog author image

Kelly Combs

My name is Kelly Combs and I am a native of Fredericksburg, Va., born and bred. I grew up in the 80’s when Fredericksburg was a small rural town, and I had the joy of evolving from a child to an adu....

Latest Blog Posts

Agent Is Key

Your Agent Is Key When Pricing Your House Some Highlights Pricing your house right takes market experience and expertise. To find the best list price, your agent balances current

Read More

Labor Day

Happy Labor Day!  Take this day to enjoy and do what makes you feel relaxed.  Looking to buy or sell?  Wondering about the real estate market?  Let's talk!Robin Cantrell,

Read More

Welcome September

Robin Cantrell, Realtor The Glover Team Inc.United Real Estate Premier, 540-845-7651 cell#540-374-1111 office#992 Bragg Rd., Suite A, Fredericksburg VA 22407Licensed in the Commonwealth of

Read More

Buying A Home With Your Partner Make Sure To Ask These Questions First

When you’re in a committed relationship, you want to build a life with your partner. And for many couples, part of building a life together is buying a home.But it takes more than love to

Read More