Home Sales are NOT Collapsing!

The J Team Fort Lauderdale keeps current on what is happening to the Real Estate market both nationally and locally.  Most news media look at Real Estate as a whole looking at all states and markets.  It's important to remember that the only way to truly find out what your home is worth is by having a local real estate consultant such as The J Team Fort Lauderdale pull up comparable homes to yours that sold within the last 3-6months.  Because at the end of the day that is what your current home value is worth...what a current buyer is willing to pay for your home.

No matter what he national media tells you. The J Team Fort Lauderdale has studied the Real Estate market since 2010 and watched the constant ups and downs and have reviewed so many market stats over the years it would make anyone's head spin.  One of the best ways we stay up to date is with Keeping Current Matters, a brilliant content driven resource for Real Estate Agent that helps us understand the market on a national level.  The J Team Fort Lauderdale hires a statistician to help review the sales data in Broward County each quarter to help keep track of current trends in a Micro Market.

Check out he amazing article below from the KCM Crew about Home Sales are NOT collapsing as the national media may be saying.

If you want to find out the current value of your home visit http://Sell.JTeamFL.com and The J Team Fort Lauderdale will provide you with the recent sales in your neighborhood with homes like your own!

If you want to search Fort Lauderdale homes now visit http://JTeamFL.com

 



Home Sales are NOT Collapsing!
By the kcm crew



The National Association of REALTORS (NAR) just released their Existing Home Sales report and some have taken the results and ran with headlines like:

“Existing home sales collapse in January despite low mortgage rates”.

Let’s take a closer look at what the report really shows. There is a seasonality to home sales that happens every year, with a decline in January, (as shown in the graph below.) But in reality 200,000 more homes (3.2%) sold this January over last January.

The demand for housing hasn’t been a challenge.

Current buyer demand, as shown in the graph below, is actually 3x greater than that of January 2014.

NAR’s Chief Economist, Lawrence Yun points to the real issue at hand:

“Realtors® are reporting that low rates are attracting potential buyers, but the lack of new and affordable listings is leading some to delay decisions.”

Even though buyers are out looking for their dream home, they cannot find it! Inventory levels increased slightly since December, but are still below historic norms and unable to keep up with the elevated demand.

Bottom Line

If your plan for 2015 includes selling your house, waiting till the Spring may not be in your best interest. Meet with a local real estate professional in your market who can explain the opportunities available now.  Contact The J Team Fort Lauderdale now to schedule your Real Estate Consultation at 954.235.3589