Housing markets in the past couple of years have been a little unsteady, and difficult to navigate. Recently, some good news has been noted for home buyers. Even in some of the most popular, and tough markets, buyers currently have the upper hand.
1. The Market Shift
Traditionally, and particularly with the “housing crisis,” in many areas, the housing market favors sellers. With the current shift in favor of buyers, sellers are not completely left hanging. All the shift really means is a more even balance in the market between the supply and demand for housing.
2. What This Means For Sellers
If you are looking to sell your home, manage expectations on timing, and price. Be smart about pricing, and be patient about selling. Your house does not dramatically lose value in a buyers market. With that being said, in a buyers market, there are more choices out there for homebuyers. The market, being a buyers market, means that the scale will eventually shift back in the direction of the seller as well.
3. What This Means for Buyers
If you’re a first-time homebuyer or have already sold your old home, the market is beginning to look wide open for you. Capitalize on this market by doing your research, setting a budget, and hitting the market to find your dream home. With a buyers market, it is the perfect time to invest in a new home. When a sellers market comes back up, you’ll be happy you did.
At Perry Homes, we help you find or build your dream home. In a market favoring buyers, consider working with Perry Homes to buy the home you’ve always wanted. Don’t settle in your new home for anything other than what you want. Perry Homes offers affordable, customizable options to help make your dream a reality. Come find out why Utah is coming home to Perry Homes!