More People Selling Their Miami FL Homes Amid Improving Housing Market

MIAMI - Feb. 18, 2015 - PRLog -- Today, thanks to an improved housing market and favorable market conditions, many homeowners are choosing to sell their homes, as Ellen Mitchel, CDPE, RE/MAX Executive Realtyexplains:


“The current market conditions are perfect for sellers. First, home prices have increased dramatically from the lows of the housing market crash. There are also more people buying homes, as the increase in prices, along with improving economic conditions, has unlocked a lot of pent-up demand. However, the number of homes for sale hasn’t quite kept pace, so supply-and-demand still favors sellers.”

Mitchel further explains, “There is also some pressure to act sooner rather than later. Supply is steadily increasing, balancing out supply-and-demand. It is also getting more expensive to buy a new home as prices and mortgage rates continue to rise. ”

New home construction, which fell to historic lows during the housing market crisis, continues to rise, with new home starts expected to increase by 26 percent in 2015.

As of October 2014, the average rate of a 30-year fixed rate mortgage was 4.19 percent. However, mortgage rates are expected to reach more than 5 percent by the end of the year. Additionally, Zillow Real Estate Research projects home prices to rise a total of 19.5 percent by 2018.

As a Certified Distressed Property Expert® (CDPE), Ellen Mitchel is specially trained to help distressed homeowners understand their situation and explore the options available to them. “No matter what your situation has been, it’s entirely possible that it’s changed. As the market recovers, homeowners have many new options out of a difficult situations,” Mitchel said.

Ellen has provided a free report entitled “Why Now is a Great Time to Sell Your Home” which is accessible from her website, EllenHelpsHomeowners.com (http://www.EllenHelpsHomeowners.com).

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RE/MAX Executive Realty
1939 Hollywood Blvd
Hollywood FL 33020

Important Government Notice:

RE/MAX Executive Realty is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.