This year’s housing market depends a lot on whether or not current homeowners decide now’s the time to put their home up for sale. With inventory low, home prices have been climbing and causing affordability concerns for buyers. But there are two ways to relieve upward pressure on prices.
Recent real estate data shows home buyer demand is high. There are a lot of buyers looking to take advantage of current conditions out of concern that mortgage rates may go up this year or prices will rise further. So, if buyer demand is up and conditions are right, why aren’t more homeowners putting their homes up for sale?