The Red-Hot U.S. Housing Market Finally ‘Offers Hope’ for Buyers and Sellers, According to This Real-Estate Economist

 In Design, Education, Home Improvement, Interior Design, Lifestyle

Home prices are up 14% compared to this time last year, and mortgage rates have driven the average monthly payment 50% higher over the same period, so affordability remains a key concern for people looking to move.

Nearly half (49%) of sellers said they plan to sell their home at $500,000 and below, with 15% of them aiming for $200,000 or less, according to a report released Tuesday by real-estate site Realtor.com.

This year’s sellers “are looking to buy their next homes at more approachable price points,” the report noted, with more than half (53%) of sellers aiming to buy a property priced at $500,000 and below, and 17% looking for one costing $200,000 or below. 

Roughly 29% of sellers are trading up, and 32% making a lateral price move. (This is the first year Realtor.com asked these specific questions.)

 

Recent Posts
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt