What Do Rising Interest Rates Mean for Birmingham Home Sellers?

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Late last year the Fed met and raised interest rates for the first time in years. It was a small increase, but what many people don't understand is that even small interest rate increases have a huge impact on affordability.

We're predicting interest rates to rise slowly over the course of 2016 as the market continues to stabilize. Inventory is down and home values will continue to rise. Additionally, on-the-fence buyers are going to enter the market in order to make a purchase before rates increase significantly.

It all comes down to supply and demand when it comes to the pricing of homes. We already have a low inventory, and we're expecting an influx of buyers trying to avoid high interest rates. This is a perfect storm for sellers in our area; your home's value will likely be at a premium in 2016! 

If you have any thoughts of selling your home this year, now is the time to start looking into the process. Give us a call or shoot us an email at any time so we can start talking about how much we can get for your home! We look forward to helping you take advantage of these fabulous conditions soon!

Our 2016 Forecast for Real Estate in Birmingham

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We’re thrilled to discuss the real estate forecast for 2016 today. Although interest rates are increasing, things are looking up. It means the economy is in great shape, especially in the Birmingham area.

That’s also a great indicator for housing prices. Prices will continue to rise this year. Homes that are priced well have a high likelihood of selling quickly. We’re experiencing multiple offer situations more often, which means demand is going up. Now is a great time to buy or sell, as we’re now in a balanced market.

If you’re thinking about buying or selling a home this year, give us a call today! We look forward to answering any of your real estate questions.

Jason Secor Real Estate Advisors Has a New Partner

Selling your Birmingham home? Get a free home value report

Buying a Birmingham home? Search all homes for sale

We have very exciting news to share with you today! Jason Secor Real Estate Advisors has joined forces with Keller Williams Realty to better serve you! We are going to talk about all the ways we’ll be better able to serve you today. 

We are very excited about this move and what it’s going to do to allow us to increase our already high level of service. The addition of a great team of people that are going to help us better deliver a world-class experience to you, our clients. 

We are going to be able to help you get your home sold faster, find homes you like with less stress, less inconvenience, quicker, for better prices, and an overall better experience. This move is going to allow us to serve you at a higher level!

If you have any questions, or want to know exactly how this move is going to affect you, give us a call or send us an email. We look forward to serving you in 2016!