4 Things to Expect from the Spring Housing Market

Spring is the busiest season for real estate. If you’re planning to buy or sell a home, here’s what you need to know about the Spring Housing Market in 2024.

1. More Homes for Sale

In spring, more people list their homes. This gives buyers more choices. Sellers can also attract more buyers.

Q: Why do more homes come on the market in the spring?
A: The weather is better, and families want to move before the new school year.

2. Prices May Go Up

Since more buyers enter the market, home prices might rise. If you’re buying, act fast! Sellers can get good offers.

Q: Should I wait for prices to drop?
A: Not always! Prices may keep going up, so waiting could cost you more.

3. Faster Sales

Homes sell quicker in spring. If you’re selling, be ready for showings. Buyers should get pre-approved for a mortgage to act fast.

Q: How long does it take to sell a home in the spring?
A: It depends, but many homes sell in just a few weeks!

4. Mortgage Rates Matter

Mortgage rates affect affordability. Keep an eye on rates if you’re buying or refinancing.

Q: How do mortgage rates affect home prices?
A: Higher rates can make homes more expensive. Lower rates help buyers afford more.

Want to learn more? Read the full details: 4 Things to Expect from the Spring Housing Market.

Location: Chicago, IL, USA

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