The Housing Market is Turning Around! Why?

The home market is slowly turning around.  Some pockets are improving more than others.  Why?

• Amazing, unbelievable, incredible low interest rates.  (yes - I refinanced again)
• Fewer foreclosures - in our area resulting in harder negotiating on the seller side.
• Certain pockets are climbing faster than others, but there is a good chance it will spread to surrounding areas.
• Rents are going up and in many areas units are harder to find.  (limited selection)  This is encouraging many people to reconsider buying a home.
• "Home Formation" is reportedly on the rise.
• Low home inventories in many markets (averaging near 10 year lows) are creating multiple offer situations.
• In our Hisey Group, Howard Hanna market which is Cleveland to the Lake Erie Islands (west of Cleveland, Ohio) we are seeing some pockets with major listing shortages in desirable neighborhoods.

Considering selling your home?  Contact me today at 440-315-6000!