According to the National Association of Realtors® Existing Home Sales Report, existing home sales declined for two straight months in December and January. So, whereas winter might have been on the slower side for home sales, that's about to change come spring.
Spring is always a hot time for real estate, but according to experts, this spring is going to be one for the record books. "It's probably the most competitive spring housing season we've seen since right before the housing crisis," said Tendayi Kapfidze, chief economist at LendingTree, in a recent Realtor.com article.
The Takeaway
If you've been thinking about selling your home, now is the time to do it. A market like the one experts are predicting for this spring will create competition for property, thus driving up prices for your home.
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I have had the pleasure of practicing real estate in the DFW area since 2002. That's not where I started to learn about the business. I first learned real estate with a paint brush in my hand at the ripe old age of ten years old. I was lucky enough to experience firsthand "sweat equity" while working with my father, mother and little sister to help restore rental property in Southern California. What started as fond family memories of my youth turned into a love of an industry, and a passion for the people I found there. I truly believe that our prime purpose as a real estate propfessional is to learn from, serve tirelessly, and share advice with the PEOPLE who are living in the homes we sell.
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