The number of home sales in July was the third highest ever recorded, according to the National Association of Realtors. But anecdotal evidence suggests that the market is changing. In some areas of the Midwest, home sales have slowed considerably. In California, home sales remain brisk, but the market is cooler than it was in early spring. It's still a great time to sell provided you have realistic expectations. Interest rates are low, which means that buyers can afford to pay more than they would if rates were to rise significantly. Here's what home sellers should consider if the market shifts from a strong seller's market to a more sensible balanced market. You will probably face more competition than you would have if you sold last spring. Other homeowners also think now is a good t...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.