Keeping Up With Market Changes and Trends
The housing market is a fluid, nearly-living being in and of itself because of just how subject to frequent change it is. As a result of this, it can be difficult to keep up with recent trends and understand just what kind of market you’re entering when you try to get in the game of selling your property. But don’t worry—it might be a challenge to keep up with the Joneses, but Freedom Home Buyers is here to make keeping up with the market trends easier.
Home Prices Continue to Rise:
Over the last several decades, the prices of homes have seen continual and incremental increases, and this year is no different. In fact, Zillow reported an 8.1 percent rise in the median home price in U.S. cities over the last year, and that trend is expected to continue into 2019. That being said, this is an entirely advantageous trend for those of you entering the market as a property seller due to a shortage of overall property on the market.
Housing Construction Also Continues to Rise:
According to the National Association of Home Builders, “over the first four months of 2018, the total number of single-family permits issued nationwide reached 279,302. On a year-over-year basis, this is an 8.4 percent increase over the April 2017 level of 257,719.” This steady stream of new home construction has aided in keeping rent prices for 2018 in check and is also expected to continue into 2019.
An Increased Pool of Buyers…:
Say hello to the Millenials. Despite the constant barrage of articles claiming that Millenials will never be in the financial position to own a home, we’re currently seeing a rise of this generation in the current buyer-pool of the housing market. Generational demographics aside, a stronger economy has marked a stronger stock of folks with the funds to buy.
… And a Decreased Pool of Sellers:
There has been an apparent drought of those looking to put their property on the market, confounding real estate agents who are trying to prompt homeowners to sell and add to the overall property inventory. In others words, there is currently less competition for potential sellers.
Houses are Selling Faster Than Last Year:
Just looking at all of the aforementioned trends, it’s easy to see how a surplus of buyers and lack of sellers makes for a quicker sales process. Coupled with the rise of property prices, the current housing market presents the perfect opportunity for those looking to jump in the game and put their house on the market—meaning what does go on the market is typically bought at a faster rate.
Call Us Today! 904.274.4823
So What’s The Bottom Line?
If you’re looking to sell your house fast and for cash, be sure to contact Freedom Home Buyers and take the pressure off. As a locally owned and trusted company, we’re here to ensure your home-selling process is quick, efficient, and meets your needs. We’ll even pay your closing fees without inspection or appraisal. Call us today!
Call us now @ 904.274.4823
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1605 King Street
Jacksonville, Fl 32204
Who is FREEDOM HOME BUYERS?
Freedom Home Buyers is a local Jacksonville company with the experience in purchasing real estate. We have over 400 successful deals under our belts in the past 4 years. Unlike some "Cash For Houses" businesses, we are an established member of the Jacksonville community. Our office is located in the historic Riverside district @ 1605 King Street. We have a full staff of trained professionals to help you with your real estate needs. We are BBB ACCREDITED. You can rest assured that Freedom Home Buyers can help solve your real estate problems.
* We are not lawyers, nor are we attempting to provide legal advice in any way. Please always seek the advice of qualified legal council if you have questions about real estate or any other legal matter.