Home Selling Season Is Ramping Up Quickly
If you are thinking of selling your home now is the time!
According to CNBC,
Weekly mortgage applications point to a remarkable recovery in homebuying
Joel Kan, Economist at The Mortgage Bankers Association (MBA) notes:“Applications for home purchases continue to recover from April’s sizable drop and have now increased for five consecutive weeks…Government purchase applications, which include FHA, VA, and USDA loans, are now 5 percent higher than a year ago, which is an encouraging turnaround after the weakness seen over the past two months.”
Fannie Mae and Freddie Mac guidelines have been changed by Federal Regulators. Mortgage rates are at or near all time lows.
Demand for homes is way up as people are trying to leave the cities for more rural or suburban settings. However, inventory is still low.
If you have been thinking about selling then now is a great time to list your home for sale! Why wait for more competition?