In today's market, sellers believe they can get their top price and sell fast, but if the home they are selling is not priced right, they will be surprised, and not in a good way! Days on Market (DOM) will likely increase, which will most likely lead to anxiety. If you're selling and want to move your property fast, then you need to price it aggressively and intelligently.
Millennials are making up the key share of buyers as their income increases and as they start and grow their families. Realtor.com expects Millennials will account for 45% of mortgages with 37% going to Generation X and 17% to baby boomers in 2019.
Next April when tax time rolls around, the housing market will see how President Trump's revamped tax plan impacts homeowners and renters. Look for a calmer 2019 housing market, where affordability continues to play a key role.
So if this is something that is on your mind, give me a call! I'd love to discuss it with you.