Right Now, It is a Seller’s Market
According to Gallup’s annual Economy and Personal Finance poll, 45% of non-homeowners say they plan to buy within the next 5 years, however only 22% of current homeowners plan to sell during that same time frame. Gallup says that a favorable market for sellers will continue in the near future….Indeed!
“One reason homeownership rates have not increased is that the supply of available homes has not kept up with demand. This has led to higher home prices, which — along with higher interest rates — are making homes less affordable overall…”