Friends and Clients —


If you are looking to sell your home, then three recent
developments make this spring a unique moment to do so quickly and at a
top price.


First, mortgage rates have stabilized.

From a low of 3.41% last July, the 30-year fixed mortgage
rate spiked up after the election and reached a high of 4.31% in
December.

However, rates have stabilized over the past few months, and
despite the increase, they are still near historical lows.


Second, jobs are up.


The U.S. Bureau of Labor Statistics reports 235,000 new jobs
in February and 2.3 million over the past year. This reflects
continuing growth in consumer and business confidence over recent
months.


Third, housing inventory is at a record low.


February saw a 17.9% year-over-year drop in the number of
homes on the market. This is the 100th consecutive month of
year-over-year declines, going back to October 2008.

So what do these three developments mean for you?


First, if you’re looking to sell your house, they mean you will be able to do so quickly.


Demand for homes is strong and will continue to get even
stronger due to the growth in jobs and the low and stable mortgage
rates.


The statistics bear this out: homes sold within an average
68 days this February compared to 75 days in February 2016.


Second, it means you can expect to sell your home at a top price.


Because of strong demand and low inventory, prices continue
to increase. On a national level, home prices rose 6% year-over-year in
February. This agrees with what I’ve been seeing around the Greater
Milwaukee metro as well.


In short, this spring is a fantastic time to sell your home if you’ve been considering it for a while.


In case you're curious about how much your home is worth in
the current market, check out my home value calculator that takes into
account recent Greater Milwaukee metro sales:

Enter your street address here to find out what your home is worth

And what if you're looking to buy a home?


The current low mortgage rates are definitely worth taking advantage of, as they allow you to afford a more luxurious home.


Several amazing homes have recently come on the market around the Greater Milwaukee metro area. To see all the homes that are available right now, take a look at this complete listing:


Click here for all available Greater Milwaukee metro homes for sale


Whether you’re selling or buying this spring, just give me a call at 262-797-6453 in
case you have any questions. I’m here to help, and I can give you more
detailed information about the situation on the ground.

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