Spring Real Estate Trends: Rising Home Prices, Falling Inventories and Low Interest Rates

Real Estate Predictions by EquifaxReal estate agents and brokers are donning their hypothetical clipboards and their real shining sales person attitudes, ready to work right now. Spring is their busy season, and this spring is expected to be the busiest in the past six years, according to mortgage giant Freddie Mac.
The real estate market started heating up nationally in February, so the Equifax Finance Blog real estate experts are sharing some of their real estate trends for home buyers and sellers to keep in mind this busy season in the recent article, “
Real Estate Trends to Watch this Spring.”
The first trend is rising home prices. Home prices have risen 8 percent in the past year; but buyers do not need to worry about prices getting too high too fast. According to the article, prices will likely rise and fall, fluctuating with market changes over the coming seasons.
The second trend is tighter housing inventories. The number of homes for sale is down 15 percent since last year. This makes for a leaner selection for home buyers, but could be good news for sellers, who will have less competition.
The third trend is that home loan interest rates are low. Historically low, in fact, which is great news for buyers, keeping home prices affordable.
Get more real estate trends and tips at the Equifax Finance blog, where you can also read up on credit, credit ratings,
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