More Houses for Sale in Greensboro, NC: The 2016 Housing Market Outlook
As our country continues to recover from the recession, the housing market is recovering as well. Home values are rising and are nearly back to what they were a decade ago. The housing market affects nearly every American and both impacts and reflects the current economic status of our country. So what does this mean for the local housing market? You can expect to see more houses for sale in Greensboro, NC, this year.
It’s a seller’s market right now, but buyers benefit too
Since home values have risen, sellers can expect to get closer to full value for their home. While this mostly benefits people selling their home, there are also advantages to home buyers. Because home values have been low in recent years, people (on the whole ) weren’t selling. But now we can expect to see many more homes on the market, giving buyers more options than they had last year. Higher housing prices may discourage some buyers, but improvements in the job market should help to balance that out with higher wages and a lower unemployment rate. Buyers can also take advantage of low mortgage rates, for as long as they last.
Advantages for first-time home buyers
If you have been considering purchasing a home for the first time, 2016 may be your year. The Federal Housing Administration (FHA) lowered their fees in 2015 and will hopefully do so again as the economy improves. Younger homebuyers and homebuyers with less than perfect credit may have a better chance to qualify for mortgages and lower mortgage rates because the credit requirements should soon become more reasonable.
Smith Marketing and Allen Tate in Greensboro are expecting a great year
Whether you are looking to buy or sell a home this year, Smith Marketing along with Allen Tate Realtors will help you accomplish your goals. When it comes to selling homes, Smith Marketing has the expertise to strategically list your home in order to get it sold more quickly and for a number that’s closer to your asking price. Allen Tate in Greensboro will be sure to find serious buyers who are interested in your home and get it in front of as many eager eyes as possible.
If you are looking to purchase a home this year, Smith Marketing has listings of hundreds of homes in the Greensboro area. When you work with Allen Tate in Greensboro, you can expect a realtor who will listen to you and show you homes that meet your needs and suit your tastes. Use our property search to find homes in your area that meet your requirements. Contact us here or call us at 336-215-7880 to start your home buying or selling process.
For the full article from the Washington Post on the 2016 Housing Market Outlook: https://www.washingtonpost.com/realestate/a-look-at-the-trends-that-will-impact-the-financial-stakes-in-housing/2016/01/06/44de14ce-9d16-11e5-a3c5-c77f2cc5a43c_story.html