Housing outlook is at an all time low right now. What does that mean? The negativity and uncertainty is getting the best of us. Here are some of the burning questions I wanted to answer.

What is your incentive to sell? You’ve secured an interest rate under 5%, why would you look for a new home while interest rates are at their highest since 2002? I get it!

Is your home losing value in this market? Absolutely not. Even though the recession is right around the corner, your home is still appreciating. In fact, the average median home increased 13.3% from last year according to Realtor.com. Most of the homes on the market are being listed due to an outside force. Sellers “must move” when listing their home rather than “wanting to move”.

What you need to know if you “must sell”. You can place a safe bet on your home selling with full appreciation without opening your Caesar’s Sportsbook App (sorry hubby, my odds are closer than Vegas). Inventory is still lower than it was in 2019 which means your home is not competing with multiple listings. When priced correctly, homes are only on the market 6 days more than last year. Homeownership is still the American Dream and buyers who are searching are strong. Giving them a little more time to make sure the purchase is right for them also secures your chances of getting to the closing table.

Buyers you can bet too. Here is your “sure bet”.  When you are viewing homes in this market, place a parlay on the necessity to sell giving you negotiating power and the other bet on securing a mortgage that you will surely refinance once rates drop!