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There\u2019s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house<\/a>. Here are three of the top questions you may be asking \u2013 and the data that helps answer them \u2013 so you can make a confident decision.<\/span><\/p>\n Even though the supply of homes for sale has increased in 2022, inventory is still low overall. That means it\u2019s still a sellers\u2019 market. The graph below helps put the inventory growth into perspective. Using data<\/a> from the National Association of Realtors<\/em> (NAR), it shows just how far off we are from flipping to a buyers\u2019 market:<\/p>\n While buyers have regained some negotiation power<\/a> as inventory has grown, you haven\u2019t missed your window to sell. Your house could still stand out since inventory is low, especially if you list now while other sellers<\/a> hold off until after the holiday rush and the start of the new year.<\/p>\n If you\u2019re thinking of selling your house but are hesitant because you\u2019re worried buyer demand\u00a0has disappeared in the face of higher mortgage rates, know that isn\u2019t the case for everyone. While demand has eased this year, millennials<\/a> are still looking for homes. As an article in\u00a0Forbes<\/em>\u00a0explains<\/a>:<\/p>\n \u201cAt about 80 million strong, millennials currently make up the largest share of homebuyers (43%) in the U.S., according to a recent National Association of Realtors (NAR) report.\u00a0<\/strong>Simply due to their numbers and eagerness to become homeowners, this cohort is quite literally shaping the next frontier of the homebuying process.\u00a0Once known as the \u2018rent generation,\u2019 millennials have proven to be savvy buyers who are quite nimble in their quest to own real estate.<\/strong>\u00a0In fact, I don\u2019t think it\u2019s a stretch to say they are the key to the overall health and stability of the current housing industry.\u201d<\/em><\/p>\n<\/blockquote>\n While the millennial generation has been dubbed the\u00a0renter\u00a0generation, that namesake may not be appropriate anymore. Millennials<\/a>, the largest generation, are actually a significant driving force for buyer demand in the housing market today. If you\u2019re wondering if buyers are still out there, know that there are still people who are searching for a home to buy today. And your house may be exactly what they\u2019re looking for.<\/p>\n If current market conditions have you worried about how you\u2019ll afford your next move, consider this: you may have more equity<\/a> in your current home than you realize.<\/p>\n Homeowners have gained significant equity<\/a> over the past few years and that equity can make a big difference in the affordability<\/a> equation, even as mortgage rates climb. According<\/a> to Mark Fleming, Chief Economist at First American<\/em>:<\/p>\n \u201c. . . homeowners, in aggregate, have historically high levels of home equity<\/strong>. For some of those equity-rich homeowners, that means moving and taking on a higher mortgage rate isn\u2019t a huge deal\u2014especially if they are moving to a more affordable city.\u201d\u00a0<\/em><\/p>\n<\/blockquote>\n If you\u2019re thinking about selling your house this season, let\u2019s connect so you have the expert insights you need to make the best possible move today.<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":" There\u2019s no denying the housing market is undergoing a shift this season, and that may leave you with some questions about whether it still makes sense to sell your house. Here are three of the top questions you may be asking \u2013 and the data that helps answer them \u2013 so you can make a […]<\/p>\n","protected":false},"author":1,"featured_media":3445,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-3444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/sandpointrealtyidaho.com\/blog\/wp-content\/uploads\/2022\/11\/top-questions-about-selling-your-home-this-winter-KCM-549x300-1.jpg?fit=549%2C300&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pdz2Zu-Ty","_links":{"self":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts\/3444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/comments?post=3444"}],"version-history":[{"count":0,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/posts\/3444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/media\/3445"}],"wp:attachment":[{"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/media?parent=3444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/categories?post=3444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sandpointrealtyidaho.com\/blog\/wp-json\/wp\/v2\/tags?post=3444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}1. Should I Wait To Sell?<\/strong><\/h4>\n
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<\/a><\/p>\n2. Are Buyers Still Out There?<\/strong><\/h4>\n
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3. Can I Afford To Buy My Next Home?<\/strong><\/h4>\n
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Bottom Line<\/strong><\/h3>\n