In those states where homes are selling at a rapid-fire pace, 22 percent of residents in California, 19 percent in Colorado, 36 percent in Texas and 22 percent in Washington say their local market is not cooling; so keep in mind, the market may not be cooling in your particular area. As the saying goes, all real estate really is local.
The fluctuations in market activity are most likely the reason why the ValueInsured Housing Confidence Index ticked down slightly, registering at 63 on a 100-point scale for all Americans in Q4, down 4.7 points in one year. Homeowners, historically the most confident segment on the Index, produced a score of 71.6 in Q4, the second-lowest level recorded in 30 months. These indexes, however, are still bullish overall when it comes to homeownership.
As the market levels off and shifts a bit more to the buyer’s advantage, keep these tips in mind if you’re putting your home on the market:
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