{"id":2116,"date":"2018-03-06T11:00:48","date_gmt":"2018-03-06T11:00:48","guid":{"rendered":"https:\/\/thezakariagroup.com\/competition-is-coming-are-you-thinking-of-selling-your-home\/"},"modified":"2018-03-06T11:00:48","modified_gmt":"2018-03-06T11:00:48","slug":"competition-is-coming-are-you-thinking-of-selling-your-home","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/competition-is-coming-are-you-thinking-of-selling-your-home\/","title":{"rendered":"Competition is Coming, Are You Thinking of Selling Your Home?"},"content":{"rendered":"
\n

\"Competition<\/p>\n

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau<\/em> and U.S. Department of Housing & Urban Development <\/em>Residential Sales Report<\/em><\/a>, the number of these permits were up 7.4% over last year.<\/span><\/p>\n

How will this impact buyers? <\/strong><\/h4>\n

More inventory means more options.<\/em> Lawrence Yun, NAR\u2019s Chief Economist<\/em>, explained<\/a> this is good news for the housing market \u2013 especially for those looking to buy:<\/p>\n

\n

\u201cThis rise in single-family housing construction will help tame home price growth, and the increase in multifamily units should continue to help slow rent growth.\u201d<\/em><\/p>\n<\/blockquote>\n

How will this impact sellers?<\/strong><\/h4>\n

More inventory means more competition.<\/em> Today, because of the tremendous lack of inventory, a seller can expect:<\/p>\n

    \n
  1. A great price on their home as buyers outbid each other for it<\/li>\n
  2. A quick sale as buyers have so little to choose from<\/li>\n
  3. Fewer hassles as buyers don\u2019t want to \u201crock the boat\u201d<\/em> on the deal<\/li>\n<\/ol>\n

    With an increase in competition, the seller may not enjoy these same benefits. As Chief<\/em> Economist<\/em> Nela Richardson, added:<\/p>\n

    \n

    \u201cBecause existing home inventory has been so low for so long, new construction is taking a larger share of the market\u2026Builders meet the buyers and see the demand firsthand.\u201d<\/em><\/p>\n<\/blockquote>\n

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

    If you are considering selling your house, you\u2019ll want to beat this new competition to market to ensure you get the most attention for your listing and the best price.<\/p>\n<\/div>\n

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

    The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.4% over last year. […]<\/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":[99,100,101],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nCompetition is Coming, Are You Thinking of Selling Your Home? - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/competition-is-coming-are-you-thinking-of-selling-your-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Competition is Coming, Are You Thinking of Selling Your Home? - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. 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