Wednesday, August 25, 2021 / by Austin Goodale
If you’re trying to decide whether or not to sell your house, this is the time to think seriously about making a move. Fannie Mae’s recent Home Purchase Sentiment Index (HPSI) reveals the number of respondents who say it’s a good time to sell is higher now than it was over the past few summers (see graph below). Today, the majority of consumers, 75 percent, say it’s a good time to sell a house.
Why is sellers sentiment up year-over-year?
The higher good time to sell sentiment has to do with today’s market conditions, specifically low housing supply and high buyer demand. In the simplest terms, we don’t have enough houses available for sale to meet buyer demand.
According to the latest data from the National Association of Realtors (NAR), we’re still firmly in a sellers’ market because housing supply is well below a balanced norm (shown in the graph be ...
Friday, August 20, 2021 / by Austin Goodale
* With a housing market this competitive, sometimes you have to think outside the box.
* Work with your trusted real estate advisors to do things like assess your budget, expand your search radius, look into other options, and determine your true needs.
* If you're having trouble finding your first home, let’s connect to explore your options. It's out there!
Goodale Realty Team at JK Realty
Austin & Lynn Goodale
1760 E. Pecos Rd #501
Gilbert, AZ 85295
Thursday, August 19, 2021 / by Austin Goodale
Tired of Rising Rents?
Rents have risen consistently over the last 30 years, and they're not showing signs of stopping. Let's connect today if you're ready to purchase a home and move on from renting. ...
Monday, August 16, 2021 / by Austin Goodale
Monday, August 9, 2021 / by Austin Goodale
If you’re thinking of buying or selling a house, chances are you’re focusing on the many extraordinary ways it’ll change your life. What you may not realize is that decision impacts people’s lives far beyond your own. Home purchases and sales are significant drivers of economic activity. They have a major impact on your community and the entire U.S. economy via the multiple industries and professionals that take part in the process.
The National Association of Realtors (NAR) releases a report each year that highlights just how much economic activity a home sale generates. The chart below shows how the sale of both a newly built home and an existing home impact the economy:To dive a level deeper, NAR also provides a detailed look at how that varies state-by-state for newly-built homes (see map below):As you can see, a single home sale can have a massive effect on the overall economy. Ali Wolf, Chief Economist for&nbs ...