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#12 - SELLERS' Dilemma: Timing the Market Amid INTEREST RATE Chaos
Manage episode 390830264 series 3540956
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In today's dynamic real estate landscape, sellers are grappling with the ideal time to list their properties. As inventory levels remain low, especially in areas like the Pacific Northwest, experts suggest that sellers capitalize on the current market conditions. Interest rates, a key factor influencing buyer activity, have fluctuated significantly, peaking briefly over 8% before stabilizing around 7%. This uncertainty around rates, combined with the Federal Reserve's efforts to tweak the economy, could trigger a surge in buyer interest if rates drop. Consequently, more sellers might also enter the market, motivated by lower mortgage rates. The consensus among professionals is to list properties shortly after the holiday season, around mid-January, to leverage the low supply. While the market may offer slightly higher prices later in the year, the lack of current data makes future predictions unreliable. Thus, the advice tilts towards listing sooner rather than later, exploiting the low supply which is likely to persist through the upcoming summer.
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