As the local real estate market improves as it has over the past couple of years, the “Spring Market” starts earlier and earlier in the season with anxious Buyers waiting to jump on that house that has been eluding them. The old Realtor saying is that the Spring Market starts the day after the Super Bowl which generally lines up with early February on the calander. This is true for the most part although with inventory at record low levels and Buyer demand at very high levels we are already seeing the anticipation grow with both Buyers and Sellers. Many financial institutions and loan officers are predicting that interest rates may rise almost 1.5% by the end of this year which could take a conventional 30 year fixed rate mortgage from about 4.5% to over 6% which effects every Buyers actual buying power. All of these indicators lead us to believe that this years spring Market will be one for the ages. If you are a Buyer you should be ready to jump when that perfect house pops up for sale. Having a full time Realtor representing you is very important, we often here of new listing before they are actually listed and are then able to position our Buyers perfectly for when the house hits the open market. Contact us so that we can discuss what you are looking for in your next house and also to prepare you for what will be a very competitive market.
Rob Forster, Realtor, firstname.lastname@example.org/ 610-420-6187 / www.ForsterMainLineRealEstate.com