The latest survey report from the National Association of Realtors demonstrates the high level of nationwide confidence that home prices will continue to rise over the next 12 months.
This is excellent news for anyone currently considering a property sale. The survey was distributed to more than 50,000 realtors, who were asked for their perceptions of likely home sales, prices and market conditions.
Prices are expected to increase at a modest pace, given that the marketplace is being influenced by factors including home affordability and tight credit standards. The expected median national price rise is 3.9%.
Underneath the modest increase expectations, however, is the key message that the market is continuing to improve and is anticipated to continue to do so beyond 2014.
Potential home sellers, who may have previously sat on the fence waiting for conditions to improve, should now very seriously consider the fabulous opportunity presented by the current and likely short term future home buying climate.
Remember also that mortgage rates are continuing to remain near historic low levels and have ended this week a little lower.
It really is a perfect mix of conditions and sentiment right now. Contact us so that we can relate all these indicators to your individual situation.
Click here to read the full National Association of Realtors report.