will seller foam help balance the market

Name Your Price: Will Seller FOMO Balance the Real Estate Scales?

Sellers, it’s your time for your home to shine! Buyers are out in full force searching for their dream homes. Unfortunately, there aren’t enough homes for sale to satisfy demand. Real estate agent’s insights shed some light on the trajectory of the market – especially as housing prices continue to skyrocket. 

Let’s take a look at how the rising prices could encourage would-be sellers to finally bite the bullet and finally put their homes on the market. The question is, will it be enough to balance the market?

Low mortgage rates could encourage more buyer activity

In April, home prices increased by 19.1%, so a home listed at $286,800 would now be priced at $341,000. The seller of that home would make a nice profit of $54,200! Pretty good right? While this increase would be enough to give buyers pause, the fact that mortgage rates are still pretty low. 

But with that said, realtors believe that once mortgage rates start to climb again, buyer activity is likely to slow down. How high do the rates have to increase? 30.4% of agents say buyer activity will slow when rates hit 4%, but 22% believe activity will slow around 4.5% and 23.3% believe 5% is the “magic” number to slow buy demand.

Would-be sellers embrace the carpe diem mindset

It’s a seller’s market and people are finally starting to come around to the idea that they could sell and earn a sizable profit if they have enough equity. Around 49.3% of agents say folks are putting their homes on the market now while the market is in their favor. 48.3% of agents predict that as the year pushes on, there will be an influx of new homes on the market.

As great as that sounds, if your home isn’t up to snuff, it could actually dissuade buyers from putting an offer. Buyers are willing to pay high prices for a home and they expect to buy a move-in ready home (or close to it) with their desired upgrades. If not, they have no problem moving on to the next house. 

Empty-nesters could downsize while profiting

Homeowners whose kids are grown and have moved out of the house are prime candidates for putting their homes on the market. 73.4% of realtors in the Northeast say almost-retirees are packing their bags and putting their homes up for sale so they can cash in while prices are still on the rise. 

Empty-nesters aren’t the only group of homeowners that are making the most of this market. Remote workers and new-ish homeowners (young homeowners who want to sell their first or second home) are also cashing in because they could sell their home for x-amount and then move to a cheaper location or even rent for a while.

New listings brought on by FOMO

It’s true that now is a great time to be a seller, but you also have to take into consideration how challenging it will be trying to buy and sell at the same time. You may sell your home lickety-split, but what happens if you’re unable to compete with other buyers in your market? You’ll be stuck in a housing-limbo and you may be forced to move further away than you’d like or put an offer on a house that you may not love. 

Navigating this market is a delicate balance, but it isn’t always going to be this way. We recommend that before you make any rash decisions, look around your desired area and see what houses are going for. Then consult a realtor to get their opinion on what your house could sell for. If the sale price is enough to pay off the current mortgage and have enough left over for a down payment, then you might feel more comfortable selling. 

8,914 thoughts on “Name Your Price: Will Seller FOMO Balance the Real Estate Scales?

  1. Oh my goodness! Incredible article dude! Many thanks, However I am experiencing troubles with your RSS. I don’t know why I can’t subscribe to it. Is there anybody having similar RSS problems? Anyone who knows the answer can you kindly respond? Thanks!!

  2. I would like to thank you for the efforts you’ve put in penning this website. I am hoping to view the same high-grade content by you later on as well. In truth, your creative writing abilities has motivated me to get my own blog now 😉

  3. You’re so awesome! I don’t believe I’ve read through a single thing like this before. So great to discover somebody with some original thoughts on this topic. Seriously.. thank you for starting this up. This site is one thing that is required on the web, someone with a bit of originality.

  4. I’m amazed, I must say. Rarely do I come across a blog that’s both educative and interesting, and let me tell you, you have hit the nail on the head. The issue is an issue that too few men and women are speaking intelligently about. Now i’m very happy that I came across this in my search for something regarding this.

  5. Can I just say what a relief to find an individual who genuinely understands what they are talking about online. You definitely understand how to bring a problem to light and make it important. More people need to look at this and understand this side of the story. It’s surprising you are not more popular because you certainly have the gift.

  6. สมัยที่ใครๆก็มุ่งหมายความสบายสบาย บาคาร่าออนไลน์ก็เลยเป็นตัวเลือกที่โคตรดีสำหรับท่าน UFABET มีบาคาร่าให้เลือกเล่นมากมายเราเป็นคาสิโนที่จ่ายจริง ทำเงินได้จริง สมัครง่าย ระบบฝากถอนอัตโนมัติแล้วเจอกันขอรับ

  7. An intriguing discussion is worth comment. I do believe that you ought to publish more about this topic, it might not be a taboo subject but generally people don’t discuss these issues. To the next! Many thanks!

  8. Thanks for your marvelous posting! I genuinely enjoyed reading it, you can be a great author.I will be sure to bookmark your blog and will often come back very soon. I want to encourage one to continue your great writing, have a nice day!

  9. Hi just wanted to give you a brief heads up and let you know a few of the images aren’t loading correctly. I’m not sure why but I think its a linking issue. I’ve tried it in two different browsers and both show the same outcome.

  10. After I initially commented I appear to have clicked the -Notify me when new comments are added- checkbox and now whenever a comment is added I recieve four emails with the exact same comment. There has to be an easy method you can remove me from that service? Kudos.

  11. Wow that was strange. I just wrote an very long comment but after I clicked submit my comment didn’t show up.Grrrr… well I’m not writing all that over again. Anyways,just wanted to say superb blog!

  12. Hello! I could have sworn I’ve visited this web site before but after going through many of the articles I realized it’s new to me. Nonetheless, I’m definitely pleased I discovered it and I’ll be bookmarking it and checking back often!

  13. I seriously love your website.. Great colors & theme. Did you make this amazing site yourself? Please reply back as I’m hoping to create my own personal site and would love to know where you got this from or what the theme is named. Appreciate it.

  14. I have to thank you for the efforts you have put in penning this blog.I really hope to check out the same high-grade blog posts from you later on as well.In truth, your creative writing abilities has inspired me to get my very own blognow 😉

  15. Hi, I do believe this is an excellent website. I stumbledupon it 😉 I will return once again since I book marked it. Money and freedom is the greatest way to change, may you be rich and continue to help other people.

  16. When I originally commented I clicked the «Notify me when new comments are added» checkbox and now each time a comment is added I get three emails with the same comment. Is there any way you can remove people from that service? Cheers!

  17. May I simply say what a relief to find somebody that truly understands what they are talking about on the net. You definitely realize how to bring an issue to light and make it important. More people ought to check this out and understand this side of the story. It’s surprising you are not more popular since you surely have the gift.

  18. временная регистрация

    Наша общество предлагает комплексные услуги по юридическому сопровождению в процессе оформления временной регистрации в Москве. В штате только профильные юристы, которые гарантируют успешное получение ВР в любом регионе для нужный вам срок.

    временная регистрация

  19. You’re so awesome! I do not suppose I have read through anything like this before. So great to discover another person with a few genuine thoughts on this issue. Really.. thank you for starting this up. This site is one thing that is required on the internet, someone with some originality.

  20. Aw, this was a really nice post. Taking a few minutes and actual effort to produce a superb articleÖ but what can I sayÖ I hesitate a whole lot and don’t manage to get nearly anything done.

  21. Hey There. I found your blog the use of msn. This is a very well written article. I’ll be sure to bookmark it and come back to read more of your useful information. Thank you for the post. I will definitely comeback.

  22. Aw, this was an exceptionally nice post. Taking a few minutes and actual effort to create a very good article… but what can I say… I put things off a whole lot and never manage to get nearly anything done.

  23. Hello there, I do think your web site could be having internet browser compatibility issues. Whenever I take a look at your website in Safari, it looks fine but when opening in I.E., it has some overlapping issues. I simply wanted to provide you with a quick heads up! Aside from that, wonderful blog.

  24. You are so awesome! I do not think I’ve read through anything like this before. So great to find another person with a few unique thoughts on this topic. Really.. thank you for starting this up. This web site is something that is required on the internet, someone with a bit of originality.

  25. Hello! I could have sworn I’ve been to this web site before but after looking at some of the articles I realized it’s new to me. Regardless, I’m definitely delighted I stumbled upon it and I’ll be book-marking it and checking back regularly.

  26. I was very pleased to discover this website. I wanted to thank you for ones time for this fantastic read!! I definitely savored every bit of it and I have you saved to fav to look at new information in your site.

  27. May I just say what a relief to find someone who really knows what they are discussing on the internet. You certainly realize how to bring a problem to light and make it important. More and more people have to look at this and understand this side of the story. I can’t believe you aren’t more popular given that you surely have the gift.

  28. Howdy, I do believe your site could be having web browser compatibility issues. When I look at your website in Safari, it looks fine but when opening in IE, it has some overlapping issues. I merely wanted to give you a quick heads up! Aside from that, excellent site!

  29. The very next time I read a blog, Hopefully it does not disappoint me as much as this one. After all, I know it was my choice to read, however I genuinely thought you would have something helpful to say. All I hear is a bunch of crying about something that you can fix if you weren’t too busy searching for attention.

  30. Hi there! This post couldn’t be written much better! Going through this article reminds me of my previous roommate! He continually kept preaching about this. I will send this information to him. Pretty sure he’s going to have a good read. Thanks for sharing!

  31. Hi, I do think this is an excellent web site. I stumbledupon it 😉 I will come back yet again since i have saved as a favorite it. Money and freedom is the greatest way to change, may you be rich and continue to help others.

  32. When I initially commented I appear to have clicked on the -Notify me when new comments are added- checkbox and now whenever a comment is added I receive four emails with the exact same comment. Perhaps there is a way you are able to remove me from that service? Thank you.

  33. whoah this blog is magnificent i love studying your posts. Keep up the great work! You know, lots of persons are looking around for this info, you could aid them greatly.

  34. Can I just say what a comfort to uncover somebody that actually knows what they are talking about on the net. You actually know how to bring a problem to light and make it important. More and more people have to read this and understand this side of the story. It’s surprising you are not more popular given that you surely have the gift.

  35. You’re so cool! I don’t suppose I’ve read anything like that before. So great to discover another person with original thoughts on this subject. Really.. many thanks for starting this up. This site is something that’s needed on the web, someone with a little originality.

  36. This is the right website for everyone who wishes to understand this topic. You know so much its almost tough to argue with you (not that I personally will need to…HaHa). You definitely put a fresh spin on a subject that’s been written about for a long time. Excellent stuff, just great.

  37. The next time I read a blog, Hopefully it does not disappoint me just as much as this one. After all, I know it was my choice to read, nonetheless I actually believed you would probably have something useful to talk about. All I hear is a bunch of crying about something that you could fix if you weren’t too busy seeking attention.

  38. I’m amazed, I must say. Rarely do I encounter a blog that’s both educative and interesting, and without a doubt, you’ve hit the nail on the head. The issue is an issue that too few people are speaking intelligently about. Now i’m very happy that I came across this in my search for something relating to this.

  39. Oh my goodness! Awesome article dude! Thank you, However I am encountering troubles with your RSS. I don’t know why I am unable to subscribe to it. Is there anyone else having similar RSS issues? Anyone that knows the solution can you kindly respond? Thanks!

  40. The next time I read a blog, I hope that it does not disappoint me just as much as this particular one. I mean, I know it was my choice to read, nonetheless I genuinely believed you would probably have something interesting to say. All I hear is a bunch of whining about something that you could fix if you weren’t too busy seeking attention.

  41. Hi, I do believe this is a great site. I stumbledupon it 😉 I’m going to revisit yet again since I saved as a favorite it. Money and freedom is the best way to change, may you be rich and continue to help other people.

  42. Good day! I could have sworn I’ve been to this web site before but after browsing through a few of the posts I realized it’s new to me. Regardless, I’m definitely delighted I came across it and I’ll be book-marking it and checking back frequently.

  43. An impressive share! I’ve just forwarded this onto a co-worker who was conducting a little homework on this. And he actually ordered me dinner simply because I found it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanx for spending the time to discuss this topic here on your website.

  44. Arsenal Football Club of the English Premier League Football Focused to close the deal to grab Nuno Tabares, 21-year-old left-back from Benfica, fully in the transfer market. This summer, as confirmed by Fabrizio Romano.

  45. I was very pleased to discover this web site. I want to to thank you for ones time due to this fantastic read!! I definitely loved every bit of it and I have you saved as a favorite to see new things in your web site.

  46. I’m amazed, I must say. Rarely do I come across a blog that’s both educative and amusing, and without a doubt, you’ve hit the nail on the head. The problem is something which too few folks are speaking intelligently about. I am very happy that I found this in my search for something concerning this.

  47. Howdy! This blog post couldnít be written much better! Looking through this post reminds me of my previous roommate! He constantly kept talking about this. I will forward this post to him. Pretty sure he’ll have a great read. Thank you for sharing!

  48. Having read this I thought it was rather enlightening. I appreciate you taking the time and energy to put this article together. I once again find myself personally spending a significant amount of time both reading and commenting. But so what, it was still worthwhile.

  49. After looking at a few of the articles on your web page, I really appreciate your way of writing a blog. I bookmarked it to my bookmark webpage list and will be checking back in the near future. Take a look at my website too and tell me your opinion.

  50. Hello! I could have sworn I’ve been to this blog before but after looking at many of the posts I realized it’s new to me. Anyways, I’m certainly delighted I stumbled upon it and I’ll be book-marking it and checking back often!

  51. Hi, I do believe this is an excellent site. I stumbledupon it 😉 I am going to revisit once again since I bookmarked it. Money and freedom is the best way to change, may you be rich and continue to guide others.