Q. I know we’re in a seller’s market but how long can we expect it to continue?
A. We’re already seeing a shift in some markets. According to the National Association of Realtors, pending home sales sank in August for the fifth time in six months and the impact from Irma will likely pull the existing sales for the year below the pace set in 2016. If you remember back in 2008 when the market crashed, it didn’t happen overnight. I recall the fall of 2007 when the market just seemed to stall. Nothing was moving and sellers and builders were starting to panic. Unfortunately I’m seeing similarities now in some markets. So if you’re trying to sell your home or planning to sell this year, be aware of the inevitable – all good things must come to can end.
If you would like a free analysis of your home’s equity, please call or text Phyllis Staines at (904) 476 – 7653 or email firstname.lastname@example.org..