Home price gains bring sellers off the sidelines

Home price gains bring sellers off the sidelines

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SAN DIEGO-Robert and Emerald Oravec were itching to sell their condominium late last year to move closer to a favorite surfing spot, but they were stuck. They owed the bank $194,000 and figured.

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 · The region’s median home sale price hit $406,500 in May, up 21.3 percent from a year earlier amid brisk sales, according to DataQuick. Housing inventories remain unusually low.

Buyer and seller psychology will continue to be significant factors as home sellers remain optimistic about the value of their home, while buyers feel significantly less pressure to buy. Look for the first half of 2019 to be fairly slow as buyers sit on the sidelines waiting for price stability, but then I do expect to see a more buoyant second.

Home price gains bring sellers off the sidelines Elliot Spagat, Associated Press. bringing them off the sidelines of the nation’s surging housing market and offering relief to buyers who are.

Home price gains bring sellers off the sidelines By: The Associated Press July 1, 2013 Comments Off on Home price gains bring sellers off the sidelines Robert and Emerald Oravec were itching to sell their condominium late last year to move closer to a favorite surfing spot, but they were stuck.

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Robert and Emerald Oravec were itching to sell their condominium late last year to move closer to a favorite surfing spot, but they were stuck.. Home price gains bring sellers off the sidelines.

 · SAN DIEGO (AP) – Robert and Emerald Oravec were itching to sell their condominium late last year to move closer to a favorite surfing spot, but they were stuck. They owed the bank $194,000 and figured the most they could get was $180,000. When they put their San Diego home up for sale a few months later, they fielded five offers within two weeks.

The sharp sell-off across the sector after. rising mortgage rates put downward pressure on home prices, and there is concern that a significant rise in mortgage rates could keep margin homebuyers.

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