article thumbnail

Seller’s Market 101: Is Your Real Estate Market Hot or Not?

HomeLight

For example, in Lexington, Kentucky, zoning regulations prevent new building starts with an established boundary line that limits new construction. More than half of those surveyed by Chase bank in 2019 plan to stay in their home, choosing to renovate rather than pack up. When rates dip, so do interest charges.

article thumbnail

Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

HomeLight

A strong economy, reticent home sellers, and lagging new construction all contribute to a seller’s market. Your bank account will thank you! Buyers may also throw in deal sweeteners such as a seller rent back , which allows you to stay in the home (renting from the buyer for a period of time) after closing.

Marketing 109