In recent months, there has been an abundance of buyer interest in a housing market with a scarcity of homes available for purchase.

Now, as interest rates head up, the inventory shouldn’t be as scarce. People will still be looking to buy, but more homeowners are expected to place their homes on the market. 

In collaboration with Steven Thomas, Economic Analyst & Reports on Housing, he says that “In a couple of weeks, spring will arrive, and that is when more homeowners place their homes on the market than any other time of the year”.

The spring market is the time! “Even with the recent increase, rates are still historically low, averaging at under 3.25%,” says Linnea Arrington, President San Diego Funding/Great Pacific Funding.

Don’t miss this opportunity. Now is an ideal time for both buyers and sellers to act!

If you’re looking to find the perfect home or sell your current residence, please visit pacificsothebysrealty.com to connect with one of our global real estate advisors.

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