Why the housing market is probably better than you think it is.
You’ve probably heard the saying that negative news sells. If you’ve watched or read any media coverage on home prices, you’ve likely seen this in action. As a former anchor and television reporter, I’d like to set the record straight.
If you check out the graph at 0:26, you’ll notice that home prices actually rose for most of 2023. Even if you’re drawn to the red, you may only see two slight declines. This is what the media often highlights, but it’s not the full story. It’s clickbait, aiming to grab your attention with negative news. In reality, there’s much more green than red, and even the two red bars are so minor they’re practically flat. So, despite what the news says, the bigger picture is that prices rose overall.
Experts predict that home prices will continue to rise in 2024, even with higher interest rates. When interest rates likely start to decrease later this year, many potential buyers will enter the market, potentially leading to bidding wars over available homes.
You can safeguard against this by starting your search now and getting prepared to buy. If you’re considering selling, now might be the perfect time to reach out to me. Let’s discuss the best plan to get your home on the market.
“Protect yourself from a market rush by preparing to buy now. ”
As the market evolves this year, I’m offering a free, no-obligation analysis. We’ll review recent sales in your neighborhood on my laptop, giving you a clear idea of potential prices and any necessary preparations for selling your home.
For those interested in real estate discussions, don’t forget to tune in to my radio show every Sunday morning from 8:30 a.m. to 9:00 a.m. You can listen on AM radio or online via your smartphone or computer.
To get in touch about listing, selling, or buying a home, feel free to call me anytime at (502) 376-5483 or send an email to bob@weselllouisville.com. I look forward to hearing from you!
