Posted On: July 20th, 2018 7:02PM
The housing market has proven its resilience over the years. A decade ago it had hit rock bottom with prices falling to historical lows. This housing crash is now a distant memory as prices have steadily increased over the last five years.
With a strengthening economy, rising employment figures and low interest rates buyers are flooding the market that has too few homes to sell. This low inventory has many causes and includes: homeowners who prefer to renovate rather than move, baby boomers who have decided not to downgrade, decreased development of new homes, distressed properties converted by investors into rentals and millennial buyers purchasing their first homes.
There are sellers who are been driven to sell by the tax changes which will be implemented in the 2018 tax year. They are trying to stay within the deductible tax limit on their mortgage interest and in areas with lower property taxes.
If you are looking for a quick sale in this seller’s market, then keep the following in mind:
I offer thorough valuation estimates, strong marketing strategies, and a keen eye for our Chicagoland home selling climate. Think of me as your trusted REALTOR® for your next home sale.ecade ago it had hit rock bottom with prices falling to historical lows. This housing crash is now a distant memory as prices have steadily increased over the last five years.