Housing market update

The National Association of REALTORS® Chief Economist Lawrence Yun sees good news for home prices. “National median home price growth is in no danger of falling due to inventory shortages and will rise by 4%,” the long- term NAR economist predicts.

This is a great market for both buyers and sellers. The low inventory favors sellers for now, and the low-interest rates favor buyers getting affordable loans.

Also, slow sales and a longer stay on the market for homes allows buyers to negotiate a good price within a reasonable amount of time, without the crunch.

If you are buying, we will provide the best strategy to find the house you are looking for.

If you are wondering about the value of your home, give us a call and we will help you understand the market trends.

For more information, please call Khalil at 313-819-0101.