It’s June 21st, the first day of summer, and we’re nearly halfway through 2017. It seems like only yesterday we were popping champagne on New Year’s Eve…now we’re facing scorching temperatures and short nights. What better time than now to take a broad look at the state of real estate? Here are some great articles that can help you get up to speed with all the latest developments!
First, let’s take a look at the current real estate market. As this article indicates, leading into June it continues to be a seller’s market. In fact, the consistently low inventory and ever-rising prices of homes have proven to be sources of frustration for many buyers. Far fewer homes are on the market than this time last year, and those that do come on tend to sell extremely quickly. Essentially, if you’re looking to buy a home, you’re going to need a few things: money, patience, and an excellent Realtor!
On the other hand, if you’re selling, things couldn’t be better. Demand is so high and supply is so low that any seller is likely to have little trouble selling their home (as long as they follow their real estate agent’s advice!). The situation does certainly require some analysis though, as this sort of market does not last forever. Anyone on the fence about selling absolutely must give serious consideration to moving forward now while things remain so favorable.
Home improvement and remodeling projects are an important part of real estate. One element that often gets neglected, however, is your home’s climate control. It may not be as flashy as granite countertops, stainless steel appliances or crown molding, but in the summer heat, effective air conditioning greatly increases your home’s livability and your own quality of life. This article gives a good rundown of what sort of a/c setups work best for different people and styles of homes.
As I mentioned above, it can be hard out there for a buyer right now, but this article shows the importance of keeping a long-term view of things. It’s never too early to start planning for the future, and as the boomers profiled in the article above have proven, there are few better investments for your long-term financial well-being than real estate. Real estate is not only an investment with great gains over the years, but is also a tangible resource you can physically get involved with. It will forever remain an excellent addition to people’s financial portfolios.
I hope you’ve enjoyed this look into June’s real estate news! As always, I am happily available as a resource. If you have any questions or would like more specific advice about your own personal real estate situation, please don’t hesitate to ask me!