Sage Realty LLC Welcomes Spring’s Seasonal Real Estate Renaissance and Rapidly Improving Market Trends – Philadelphia, PA
Spring is synonymous with rebirth: the flowers begin to bloom again, baby birds hatch from their eggs, and even the real estate market goes through its own revival. This winter, signs marked “Home for Sale” in Philadelphia are always fewer and farther between than in the warmer months. Homebuyers and home sellers alike were seemingly hibernating, relishing in the comfort of not being outside. The Spring season, however, has provided homeowners with a new sense of optimism. Snow has melted from the ground, there are no more cold winds, and the sun is shining in the sky. This newfound mood was also reflected in changes to the spring real estate market.
According to Fannie Mae’s April 2014 Housing Survey results, 42% of respondents said it was a good time to sell a home (compared to 30% last year). In addition, 69% of respondents also said that now was a good time to buy a home (an increase from the beginning of the 2014 year).
Trends in Late-Winter/Early-Spring
With the spring equinox falling on March 20, 2014, it seemed as though there would be no revival for the real estate market. NAR chief economist, Lawrence Yun, noted that, “current sales activity is underperforming by historical standards, there really should be stronger levels of home sales given our population growth.” Despite the fact that the population rate is rising, first-time buyers only accounted for a third of purchases in March. This may be due to the fact that even though first-time buyers may see a home for sale in Philadelphia that they would like to buy, there are too many rigid restrictions, such as credit card score requirements, keeping them from their purchase. Fortunately, these requirements are beginning to ease up a little to accommodate first-time, entry-level, single-income buyers.
The spring season motivates people to crawl out from underneath their blankets and enter into a newly reborn world, where the sun is shining, dogs are being walked, and people seem generally happier. Spring walks also introduce consumers to which houses are available in their neighbourhoods and inspire them to think about what they want in a home and when they would like to purchase it. More often than not, the Spring weather will help some people decide that now is the right time to buy and send them on a search for the perfect Realtor. Philadelphia’s Sage Realty LLC guarantees that the buyer, and only the buyer, will receive reliable service and full attention to their needs.
With Spring finally here, consumers have begun gaining confidence in the real estate market, and more and more are looking to find a Realtor. Philadelphia’s Sage Realty LLC, is one of the first and only offices exclusively comprised of buyer agents in the Philadelphia metropolitan area. Unlike companies practicing dual agency—where agents are on both sides of the buying and selling transaction, Sage Realty works with the buyer to ensure they find their dream home. Whether a first time buyer struggling with the restrictions presented in buying a home or a family that has finally gained the optimism to buy a new home, Sage Realty LLC will be there as an advocate and a resource.
To learn more about Sage Realty LLC, explore its website or contact the company directly at:
Sage Realty LLC
37 West Avenue
Tags: Home for Sale