Zillow CEO Spencer Rascoff gives 2 reasons why now is the time to sell your home.
Rascoff was recently interviewed on CNBC and said the steady demand from lack of inventory will drive rates higher. That coupled with US household net worths being at an all time high make this the perfect time for sellers to put their homes on the market...Regardless of rising home prices rising Rascoff says.
Rascoff gives an example of a $300,000 home purchase today with the intention of a trade up 4 years from now. The future cost of the home will be more expensive but it will be significantly more expensive in 4 years with the higher interest rates. He feels the trade up market will be troubled in the near future.
Scott Pearson GRI, CRS
Scott Pearson GRI, CRS