It may be bordering on hubris to see a correlation between our article two weeks ago which, in hindsight, was simply a good reading of the times, and events which have happened since.
Since the writing of that article, where we hinted to sellers to name their price, I was approached to list four new properties by homeowners who have been sitting on the sidelines for many years. It appears they have finally crossed over to the other side, declaring, “We are ready to sell!”
For so long, industry professionals have been talking about the need for stability in the market and, even more generally speaking, just plain old stability in the world. The comfort of steadiness empowers the owners of America’s homes to implement change, sell their homes and finally move. I hope we are witnessing a reversal of sorts on what is perhaps some outdated thinking. Let me be clear that the norm over these past few years has reflected, in my view, a sense of underlying uncertainty.
If we all get used to the notion that we really just can’t predict what direction the interest rates will take, if we are unclear as to whether inflation is heading up or down, and perhaps, most importantly, where is the safest place to live … eventually we will all be emboldened to continue living our lives despite not being able to predict what the future holds. The numbers don’t lie and new homes are coming on the market at a faster pace than they have been in almost five years, while prices remain very strong. The spring market is very much here and the market is picking up its pace.
For the very latest info as to when a new listing hits the market, be sure to follow @vnrealtygroup on Instagram and Facebook.
Nechama Polak is the broker of record and owner of V&N Group LLC, located at 1401 Palisade Avenue in Teaneck. Send your thoughts and comments to [email protected] or call 201 826 8809.