{"id":1941,"date":"2017-08-23T10:00:40","date_gmt":"2017-08-23T10:00:40","guid":{"rendered":"https:\/\/thezakariagroup.com\/want-to-keep-up-with-the-joneses-nows-the-time\/"},"modified":"2017-08-23T10:00:40","modified_gmt":"2017-08-23T10:00:40","slug":"want-to-keep-up-with-the-joneses-nows-the-time","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/want-to-keep-up-with-the-joneses-nows-the-time\/","title":{"rendered":"Want to Keep up with the Joneses? Now\u2019s the Time"},"content":{"rendered":"
\n

\"Want<\/p>\n

Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream life?<\/span><\/p>\n

Market conditions around the country have presented an opportunity like no other for those who are looking to make the jump to a premium or luxury home.<\/p>\n

The National Association of Realtors<\/em> reports<\/a> that national inventory levels are now at a 4.3-month supply. A normal market, where prices appreciate with inflation, has 6-7-months inventory. The national market has echoed the conditions felt in the starter and trade-up markets as inventory has declined year-over-year for 25 consecutive months.<\/p>\n

The chart below shows the relationship between the inventory of homes for sale and prices.<\/p>\n

\"Want<\/a><\/p>\n

According to Trulia\u2019s <\/em>latest Inventory Report,<\/em> the inventory of homes for sale in the two lower priced markets has dropped by double digit percentages over the last 12 months (16% for starter and 13% for trade-up homes). While the inventory of homes in the premium home category has dropped by only 4%.<\/p>\n

This has created a seller\u2019s market in the lower-priced markets<\/strong>, as 54% of homes were on the market for less than a month in the last Realtors Confidence Index<\/em><\/a>, and a buyer\u2019s market in the luxury market,<\/strong> where homes were on the market for an average of 160 days according to the Institute for Luxury Home Marketing<\/em><\/a>.<\/em><\/p>\n

Bottom Line<\/strong><\/h3>\n

If you are even thinking of listing your home and moving up to a luxury home, let\u2019s get together to evaluate your ability to do so. Homeowners across the country are upgrading their homes, why can\u2019t you? Your dream home is waiting!<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream life? Market conditions around the country have presented an opportunity like no other for those who are looking to make […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[99,100,102,101],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nWant to Keep up with the Joneses? 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