Overland Park Home Sellers

housing meltdown

Is there a Housing Meltdown Coming?

The rumors of a housing meltdown are not based on any reputable data. As proof, here are the comments of the following experts who have a totally different view on the current housing market. But a shift is probably coming because it always does…we just don’t know when. Time is of the essence in real estate.

Lawrence Yun, Chief Economist at NAR:

“In spite of deficient supply levels, stock market volatility and the paltry economic growth seen so far this year, the housing market did show resilience and had its best first quarter of existing-sales since 2007.”

Jonathan Smoke, Chief Economist at Realtor.com:

“We had a triple crown of April home sales reports, so 2016 is in the pole position to earn best year of home sales in a decade.”

Andrea Riquier, MarketWatch housing reporter:

“I’m calling the end of the housing “recovery.” On to ‘expansion.’”

Freddie Mac:

“Despite the disappointing economic reports, we still forecast housing to maintain its momentum in 2016.”

Steven Russolillo, Wall Street Journal housing reporter:

“A recent gauge of home builder sentiment held firmly in positive territory, according to the National Association of Home Builders. Perhaps more important, expectations for sales in the next six months jumped to the highest level of the year.”

Fannie Mae:

“Our latest housing tracker shows that the first quarter of 2016 was the second fastest first quarter pace of home sales in the past decade… Home sales typically rise in the spring and summer months, and we anticipate an acceleration in home sales that will surpass 2007’s pace by late summer.”

Bottom line to avoid a housing meltdown

Home sales in and around Overland Park are brisk right now. As you may already know, the market changes daily. Just because homes may seem to be flying off the market for record prices, it doesn’t mean it will continue. Now is the time to sell your current home in a seller’s market and buy up in a buyer’s market. Yes, there is a strategy involved in making money in real estate. Don’t wait for a housing meltdown to decide it’s time to act.

Call me at (913) 515-3250 and let’s sit down and plan your best home selling strategy. As they say, if you don’t know where you’re going, you’ll probably end up somewhere else. It’s your money. Let me help you keep more of it.

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