Is Now a Good Time To Sell a House?

The following is a guest post.

There are many factors to consider when selling a house. Many homeowners are still worrisome from the 2008 financial crisis that saw the values of properties drop significantly. It is vital to keep an eye out for any red flags that a similar real estate market crash is imminent. However, if you want to get ahead of any turmoil, then now is a relatively good time to sell. A real estate professional can assuage any fears you have, but 2018 is looking to be a great year for homeowners.

Home Prices Continue To Rise at the Moment

Price have had upward movement over the last several years. Although the exact rate will depend on where in the country you live, housing prices in the United States are projected to grow roughly three percent in 2018. The one downside to this trend is that housing prices are outpacing family incomes, so there are a lot of people who are delaying making a home purchase. However, there are still plenty of options for sellers out there, and you can find a great buyer at this time.

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Outlook for October 2018

The Fed has gone ahead and raised rates again. As rates continue to rise, investors have to wonder which one of these raises will finally go past the tipping point for the market? With the ongoing EM crisis, other developed markets absolutely hated, and the US$ being loved and given a bullish rating on everyone, it is pretty interesting to note that the DXY has not cracked past 97 so far this year. There are some signs that the DXY top is already in for this cycle, but some other signs that indicate that it could go a bit higher — depends on which data points you look at. I remain weary and neutral on it while maintaining defensive positions.

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