Some clients may be worried about the current up-and-down nature of the U.S. housing market. Looking at the recent conditions, it is easy to see why they might not want to dive right into homeownership just yet - however, there are a few things they should know about this sector, and that could inspire them to buy or sell.
At the moment, the housing market isn't in bad shape. In fact, there are plenty of trends that can instill some confidence in clients - and as a real estate professional, you can shed some light on these developments and help tentative buyers and sellers move forward with their transactions.
In order to do that, here are a few reasons why investing in the housing market can be a smart choice:
Homebuyers have ample opportunities
The housing market has been through an interesting year so far. Many conditions are shifting, including mortgage applications, interest rates, home prices and other important factors for homeownership. Even so, these changes can be good news for some clients.
For example, The Wall Street Journal explained that the market has been in the midst of a slowdown. The rate of home price gains has decreased, all-cash investors aren't as prominent as before, and the overall higher prices have led to more properties listed on the market. This means less competition and more options for buyers - certainly a good thing.
In addition, there are openings for entrepreneurial investors as well, the news source noted. While mortgage rates are still low, now could be the perfect time to break into the housing market.
Navigating this tricky climate can be challenging for professionals. You will have an easier time helping your clients if you have access to mortgage records, warranty deeds and much more, right online. That is possible thanks to CRS Data's wide range of suites and solutions. To learn more about the CRS Data Real Estate Suite, click here.
Why now is a good time to buy
Thankfully, should your clients need some more convincing about the current market, you can point to several other areas as well.
According to Realtor.com, homebuying is a smart option right now because it is more affordable than renting in many locations. Rents are often incredibly expensive, making the monthly payments for a house a better alternative. Buying is also a more stable investment compared to renting, especially if your client opts for a fixed-rate mortgage.
In addition to this, you can also highlight the improving job market as a reason why your clients should buy real estate. Realtor.com explained that new jobs are being added at a fast rate, and better employment opportunities could alleviate some of the financial burden placed on many people in the country today. Pair that with affordable residential financing, increased inventory and other positive conditions, and your clients may realize that now is the perfect time to jump into the housing market.