The housing market is expected to see a boost over the summer months, which is usual as summer is a strong selling season for property. However, the boost could be one as strong as last year or even more. Last year, house prices rose so strong and so quickly, homeowners were known to log online daily to watch their equity levels rise as property listing sites offered estimated values that grew every day.

There are signs from property listers that interest in buying is growing. House sellers are increasing their asking prices which reveals they are paying close attention to expectations for the market. Lenders are keeping interest rates low in the face of stricter lending rules. Government has issued further support of first time buyers with programmes to assist them with lower deposit levels.

All signs point to more buyers in the housing market, but supply is weak and that means house prices could soar. According to a recent report from the Royal Institution of Chartered Surveyors (Rics), the supply of homes made available for sale has fallen to a record low not seen since such data was first collected by them in 1978.

First time buyers could see this is as a threat and rush out quickly before they are shut out of the property arena. Prices could climb to a point where new home buyers are simply out of luck.

Homeowners are likely to reconsider moving according to experts and stay put. Rather than moving, more are considering remodeling, adding on, or dividing up part of their home for use as a buy to let property rather than downsizing to a smaller property.

Remortgage is expected to increase in demand as more homeowners seek out cash equity release for such projects, while others will take advantage of their rising equity levels to secure an attractive low interest rate.

Experts are definitely at attention and are centering their focus over the next few months on buyers. As the summer fades, it will be obvious if they were even close in forecasting just how much of a boost the housing market will experience.