The Real Estate Market Is Gearing Up for Spring Buying Season

The Real Estate Market Is Gearing Up for Spring Buying Season
According to Fannie Mae’s National Housing survey last month, Consumer sentiment looks like it will give the Market a boost.

67% of responders feel that NOW is a good time to buy a home, while 44% said now is a good time to SELL.

These are all time HIGHs in Survey sentiments.  I expect that Spring buying Season will Take Off. ( It has already started!)

Why??  1. New Home purchases Jumped 29% in January

2. Interest Rates are still Very LOW sitting about  3.75% for 30 year fixed

3. Inventory of existing homes is up over a year ago (about 5%)

4. New Home Inventory is up 90% over 1 year ago in Orange County

So there are plenty that Buyers and Sellers should get excited about in this upcomingSPRING housing Market so Why Wait?

 home sales increasing home sales home_construction_107110054

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