WJXT4 (Jacksonville, FL)
Home sales don’t typically start rising until March and April, but now is when people start making their moves, and there are some things you need to know if you’re in the market. First, experts say, don’t wait around too long for better prices or rates. “It’s always a difficult call in terms of timing, but one constraint to the market has been inventory limitation, simply not enough homes for sale,” said Lawrence Yun, Chief Economist with the National Association of Realtors®. “Therefore, as a consumer, just be on the lookout. If a right home within the right budget shows up, maybe go for it.” In fact, homeowner optimism is at its highest level since March of 2022, according to a survey by Fannie Mae. “This year, more inventory will be showing on the market. That’s definitely good for consumers — seeing more choices,” Yun said.
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