There has been a lot of talk about a potential market crash or market adjustment in 2017. Here’s what we know. Typically during an election year, there is a shortage of homes on the market and a lot of people don’t want to make big decisions.
A lot of buyers or sellers will wait to see how the results play out in November, then choose to make a decision the following year. Typically we see more homes come on the market in a post-election year, which is good news for buyers.
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The market could definitely adjust in 2017, but we don’t know if or when it will happen. What we do know is that rates are currently below 4% and inventory is low. This is the perfect storm for buying and selling successfully.
This is the perfect storm for buying and selling.
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If you have any questions about your specific neighborhood and its supply of inventory, or what things are going to look like going forward, give me a call or send me an email. I would love to hear from you.
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