Magazine picks Seattle as a top market for sellers
Seattle was listed as one of the top markets in the country for home sellers, according to a feature in Money Magazine.
The housing market is changing, creating a “new playing field for home owners, who are finally able to sell, as well as would-be buyers who’ve been delaying a purchase in anticipation that prices would keep falling,” Money reported.
In addition to Seattle, Los Angeles, San Jose and Phoenix were listed as top markets for sellers while Philadelphia, Chicago, Albany and New Haven/Stamford were top markets for buyers.
According to the feature, sellers should keep their expectations in line: Price increases are to be modest and gradual. Fiserv forecasts home prices will rise 3.3 percent a year in value between now and 2017.
According to Money Magazine, home sellers may have the most bargaining power in the West, while home buyers may be more in control in the Midwest and Northeast.