Home Prices Are Rising

Home Prices Are Rising

Home prices are rising but at a slower pace according to a recent CNN report (August 26, 2014). Home prices had been rising national at 10.6% but the rate has slowed to 6.2% this summer. This is significant for both potential Sellers and potential Buyers. Sellers who have been hoping for greater increases can put their homes on the market knowing that prices are stable and rising somewhat but just not rising at double digit rates and may not for the foreseeable future. There is no good reason to postpone selling in this scenario. Buyers can snap up nice homes now in a stable market without much fear that they will be priced out of the market. Now is the time to act with great mortgage interest rates, fewer cash buyers to compete with and stable pricing. This is a great time for both Sellers and Buyers.


Jennifer Martin BRE#00948442_01864461 Headshot
Author:
Phone: 559-259-8153
Dated: September 3rd 2014
Views: 335
About Jennifer: I’m Jennifer Martin, the Operating Principal and Broker of Keller Williams Westland Realty. For mo...

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