Why the Spring Real Estate Market Is So Busy – Spring is the number one time for buying and selling homes, why is that? One of the biggest reasons has to do with the weather being nicer. After all, who wants to worry about showings and moving in the cold winter months? Spring is also a great time to start the buying/selling process for families with children who are still in school because it gives them enough time to move and settle in before school starts back up in the fall. Here are a few other reasons for a busy spring market according to rismedia.com and realtor.com.
Millennials are ready to buy: Say goodbye to the Generation X population and hello to the Millennial population in the buyers market. Rental rates are increasingly on the rise, and as such, this sizable population represents a large portion of new homebuyers this spring. As reported by realtor.com, millennials make up about 65% of first time buyers. Additionally, the Millennials’ age range is currently 20-35, a prime time to buy a first home or purchase a bigger home to make room for growing families.
Fannie and Freddie are here to help: A new program by Fannie Mae and Freddie Mac is available to first-time homebuyers with a steady income and solid credit score. This program allows some new homebuyers to purchase with rate as low as 3% down, rather than the traditional 10% to 20% down payment. Likely Millennials and more are utilizing this accessible and affordable option to purchase their first homes this spring.
Interest rates will soon rise: Mortgage interest rates have been hovering near zero for the past five years, but things are about to change. In 2014, the Federal Reserve officially announced that federal fund interest rates, which directly affect mortgage rates, are likely to increase by the end of 2015. As a result, homebuyers are smart to take advantage of these low interest rates while they possibly can.
Foreclosures are falling: Foreclosure property numbers are diminishing after many years, the end result being that the composition of home sales is finally normalizing. Correspondingly, this leads to a decreased number of foreclosure and short sales in the market mix, resulting in improved sales for sellers overall.
If you’re thinking of buying or selling this year, Spring is the best time to make your move. This is the time when most buyers and sellers will be coming on the market, which will give you the most options for either selling or buying a home.
About Deborah Laemmerhirt
Let me assist you in finding everything you need to know about buying or selling a home! As the preeminent real estate professional in my community, I am dedicated to providing the finest service available while breaking new ground.
Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game.
I go the extra mile to help you achieve your goals. That’s why I constantly research the home, market and estate values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative marketing techniques to attract potential buyers.
As an Internet-savvy real estate representative in Connecticut, I’ve had the opportunity to help many home buyers find their ideal homes and many sellers obtain top dollar for their homes. Buying or selling a home is one of the largest financial transactions that most people ever undertake, so I will help you through every step of the process. My goal is to make your home selling or buying experience as easy and enjoyable as possible.
My services include:
Explaining the home selling and buying process thoroughly
Diligently selecting homes that meets your criteria
Pricing your home correctly and implementing a unique yet proven marketing plan
Negotiating on your behalf
Tracking the closing process to ensure a smooth transaction
I welcome the opportunity to address any questions you might have about buying, selling or current market conditions. Please call or e-mail me any time, and I will be happy to discuss your next steps in the buying or selling process.
I specialize in both Residential and Commercial Properties.
I also head a Real Estate Group to provide you with expert service and support.
Areas of Expertise
Making transitions in your life is challenging. You may be moving from out of town, a different state, internationally or just next door! Regardless of the distance I am prepared to respond to your unique needs.If you are a BUYER looking to downsize, up-size, want a new construction, desire a condominium, to invest, even if this is your first home, I will design a unique plan to fulfill your needs in a reasonable time frame, with the best negotiated price and the least amount of inconvenience.For my Home Sellers, I have an innovative marketing plan that will leave nothing to chance. Just call, and I would be happy to share the DIFFERENT and SUCCESSFUL TOOLS I utilize on each of my listings.
I have lived in Connecticut for over 35 years. I practice Real Estate in Fairfield County, New Haven County and Litchfield County. This includes, but is not limited to Bethel, Bridgewater, Brookfield, Danbury, Harwinton, Kent, Litchfield, New Fairfield, New Milford, Newtown, Oxford, Ridgefield, Redding, Roxbury, Sherman, Southbury, Warren, Washington, Westport and Wilton.
