Headed towards a perfect storm

A storm is brewing and I’m not talking about the weather.  Several factors are in play which lead me to project a busier than normal real estate market here in southeastern Nebraska as we move into the spring and a particular opportunity for sellers.  I plan a separate post on the question of inventories but for this conversation suffice it to say that as of this date there are far fewer houses on the market than has been typical for this time of year. Foreclosure levels, as previously reported are down dramatically (http://wesellnebraska.com/?p=2851) and along with them the opportunity for investor flipping  (http://wesellnebraska.com/?p=3444) which further reduces competition to owner occupant sellers.  At the same time the buyers are out there, first time home buyers are coming back (http://wesellnebraska.com/?p=3448), and in fact we have personal and have heard much anecdotal evidence of buyers missing out on houses due to multiple offer situations.  In spite of and of course contributing to the low inventory is the fact that closings as measured monthly are at the highest levels in many years. Mortgage interest rates remain historically low and over the past thirty days have actually moved lower not higher as was anticipated going into the new year. All of this suggests an active market and a prime time to consider making that move that you may have been putting off.  Remember whether buying or selling, moving up or downsizing, Lincoln or Omaha, the Vaccaros; Paul & Susan, stand ready to assist you, your family, friends and co-workers.  Call or email us today!  Lincoln (402)817-0355 , Omaha (402)577-0820, info@WeSellNebraska.com  (Paul & Susan Vaccaro – CBSHome Real Estate 15950 W Dodge Road, Suite 200, Omaha, NE 68118 – Woods Bros Realty 3737 S 27th Street, Lincoln, NE  68502.

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