Housing Market Poised for Strong Spring Home-Buying Season
New York, NY, April 1, 2019-The spring home-buying season is shaping up as the best in years, offering new opportunities after last year’s tough housing market drove away many would-be buyers, according to Wall Street Journal article “A Buyer’s Market? Hopes Rise With Falling Rates, More Homes for Sale” by Laura Kusisto.
“A number of economic factors that slowed sales in 2018 have eased or even reversed in recent weeks. Mortgage rates have been falling, home inventory is rising in many once-tight markets and the pace of home-price growth is slowing.
“These more favorable conditions are already bringing price cuts and fewer of the bidding wars that left many buyers empty-handed, recent data show. The housing market had become so skewed toward sellers that many buyers were giving up, causing sales to drop.
“Now, a shift toward buyers bodes well for higher sales activity as the crucial spring selling season heats up. About 40% of the year’s sales take place from March through June, making these months pivotal for the housing market each year, according to the National Association of Realtors.”