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MBA: Homeowners - Great Time to Sell; Not So Much to Buy

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MBA: Homeowners - Great Time to Sell; Not So Much to Buy

As seen as The Lede on MBA Newslink

It's a seller's market thanks to low inventory, but ValueInsured, Dallas, said many would-be sellers are hesitating to sell because of the high price they'd have to pay for their next home.

The company's quarterly Modern Homebuyer Survey reported 79 percent of homeowners believe now is a good time to sell a home. Two-thirds of homeowners are interested in actually selling their home "in the near future," up 8 percentage points from last quarter.

But many aren't selling, said ValueInsured CEO Joe Melendez. "Homeowners in many cases are eager to sell but don't want to become buyers," he said. "These homeowners have experienced a lot of home value volatility and see more uncertainties looming--tax reform, for example. By hesitating, these homeowners are actually controlling the market on both sides. Reassuring these individuals is the key to unlocking inventory."

Inman: Potential sellers staying put to avoid homebuyer hell

Inman: Potential sellers staying put to avoid homebuyer hell

Most real estate experts would agree that it’s a seller’s market — inventory is low and buyer demand is high, meaning that homeowners can garner higher sales prices than ever before.

So, why aren’t homeowners selling their homes? They don’t want to navigate the current housing market as buyers.

Realtor: 5 Trends the Housing Market Will Regret

Realtor: 5 Trends the Housing Market Will Regret

Home buyers say tight inventory and rising home prices are causing several negative trends in the housing market. According to ValueInsured’s latest Modern Homebuyer Survey, a quarterly report based on more than 1,000 responses, buyers say the following trends will leave the housing market in a weaker position:

  1. The “no inspection” trend: 58 percent
  2. The “offer sight unseen” trend: 57 percent
  3. The “co-buying with strangers” trend: 54 percent
  4. The “cashing out from retirement savings” trend: 37 percent 
  5. The “tiny home” trend: 36 percent

Source: ValueInsured

Realtor: Would-Be Sellers Fear Becoming Priced-Out Buyers

Realtor: Would-Be Sellers Fear Becoming Priced-Out Buyers

With a seller’s market in many places across the country, why are so many homeowners reluctant to sell? Nearly 80 percent of more than 1,000 homeowners recently surveyed say they believe now is a good time to sell a home, but many don’t plan to list their homes anytime soon.

Numerous would-be sellers say they’re holding off because of the high price they’d have to pay for their next home, according to ValueInsured’s latest quarterly Modern Homebuyer Survey.

Bloomberg Radio: Real Estate Report featuring Joe Melendez, CEO ValueInsured

Bloomberg Radio: Real Estate Report featuring Joe Melendez, CEO ValueInsured

It is seen as a seller's market in many parts of the country because of low inventory but those high prices are a double-edged sword when it comes to selling and then buying a home. People believe they can get an exceptional value for selling their home but then they're afraid to buy into a new property at these new market prices.  Joe Melendez is CEO at ValueInsured.

NMN: Low refinance rates not to blame for gun-shy sellers

NMN: Low refinance rates not to blame for gun-shy sellers

Many have speculated that low refinance rates have been preventing homeowners from selling, but this factor is less consequential than expected, according to ValueInsured. Only about 18% of consumers interested in selling their home claim they haven't because of their current low mortgage payment.

With record-high home prices fueled by tight inventory and high demand, it's a seller's market, but many would-be sellers are hesitant to sell because of the price they'd have to end up paying for a new home.

About 79% of homeowners reported that it was a good time to sell a home in the third quarter, and two-thirds of homeowners stated they will sell "in the near future," up eight percentage points from the previous quarter.

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Homeowners: Great Time to Sell, But Not to Buy and Here’s Why

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Homeowners: Great Time to Sell, But Not to Buy and Here’s Why

Three in Five Would-Be Sellers Waiting for Prices to Settle, According to the Latest ValueInsured Modern Homebuyer Survey

It’s a seller’s market thanks to low inventory, but according to ValueInsured’s latest quarterly Modern Homebuyer Survey, many would-be sellers are hesitating to sell because of the high price they’d have to pay for their next home.

The survey, released today, found that 79 percent of homeowners believe now is a good time to sell a home. Two-thirds of homeowners are interested in actually selling their home “in the near future,” up 8 percentage points from last quarter.

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