For centuries, people in this country have seen homeownership as part of the American Dream. Whether they were born here or immigrated from another country, they wanted to own a piece of America. With so many prominent societal changes over the last few decades, it is fair to ask if people in America still feel the same way about owning a home. The answer was made...
According to the Wilmington Regional Association of Realtors, 2018 saw a 17.4% reduction in the Months Supply of houses on the market. Fewer listings coupled with rising Average Sales Prices (+5.5% from Nov.2017-Nov.2018) from 2017-2018, some homeowners may consider trying to sell their homes on their own. Known in the industry as a For Sale by Owner (FSBO), there are several reasons why this might not be a good idea for most sellers.
Here are the top five reasons:
Housing supply traditionally shrinks at this time of year, so the choices buyers have will be limited. The chart below was created using the months' supply of listings from the National Association of Realtors.
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