Home Sellers Get Confidence Boost in First Quarter by Elaine360

Elaine Golden Gealer, Brentwood condos, Brentwood townhomes, Brentwood real estate, Brentwood new construction, Brentwood condominiums, Westwood condos, Westwood townhomes, Westwood real estate, Westwood new construction, Westwood condominiums, Westchester condos, Westchester townhomes, Westchester real estate, Westchester construction, Westchester condominiums, Toluca Lake condos, Toluca Lake townhomes, Toluca Lake real estate, Toluca Lake construction, Toluca Lake condominiums, North Hollywood condos, North Hollywood townhomes, North Hollywood real estate, North Hollywood new construction, North Hollywood condominiums, Sherman Oaks condos, Sherman Oaks townhomes, Sherman Oaks real estate, Sherman Oaks new construction, Sherman Oaks condominiums, Encino condos, Encino townhomes, Encino real estate, Encino new construction, Encino condominiums, Beverly Hills condos, Beverly Hills townhomes, Beverly Hills real estate, Beverly Hills new construction, Beverly Hills condominiums, West Los Angeles condos, West Los Angeles townhomes, West Los Angeles real estate, West Los Angeles new construction, West Los Angeles condominiums, West Hollywood condos, West Hollywood townhomes, West Hollywood real estate, West Hollywood new construction, West Hollywood condominiums, Santa Monica condos, Santa Monica townhomes, Santa Monica, real estate, Santa Monica new construction, Santa Monica condominiums, San Fernando Valley condos, San Fernando Valley townhomes, San Fernando Valley real estate, San Fernando Valley new construction, San Fernando Valley condominiums.With Nearly Half of Today’s Sellers Looking to Move Up, Low Inventory Remains a Top Concern

A new year brings new optimism… and worries, say Redfin’s home-selling clients. For the latest Redfin Real-Time Seller Survey, we polled 466 homeowners across 22 major metro areas in the U.S. After falling sharply in the fourth quarter, the number of respondents who believe now is a good time to sell rose four percentage points, suggesting that home sellers are feeling slightly more confident in the market.

Nevertheless, our survey data suggests that sellers are increasingly anxious that homebuyers will struggle to qualify for a mortgage, thus limiting demand for their home. This quarter, the number of respondents who named “buyer financing trouble” as a top concern rose five points. These concerns likely reflect higher prices and mortgage rates, which have harmed affordability, and stricter lending regulations that went into effect in January and could impact some buyers’ ability to get a loan.

At the same time, sellers fret about their prospects for buying their next home once they do sell. With home inventory at the lowest point in at least four years, they know they will likely have to compete aggressively for their next home. Moreover, sellers wonder if rising mortgage rates will impact their own ability to buy the home they want.

“Most of my home-selling clients worry the most about what will happen after they sell,” says Redfin agent Paul Stone in Denver. “With so much competition in the market, they fear they will have to move in with their in-laws if they can’t find their next home quickly.”

Read more on Redfin here

DRE #00598428
Senior Director, Coldwell Banker New Homes Division
With over 200 condominium, townhome and loft projects successfully marketed

“Fewer properties for sale with such remarkably low interest rates make it a great time to sell but a more difficult time to buy”