Today’s Housing Market:
After a brief pause due to the volatility in the economy right now due to Covid-19, one of the real estate industry’s leading showing management software, Showing Time, is indicating buyers have reappeared and are active. If you’re asking why buyers are setting appointments to look at homes and going through the process of purchasing homes, even with some stay-at-home orders in effect throughout the country, there are a few reasons behind the uptick in buyers.
There are always those that need to move for a myriad of reasons including new birth, financial hardship, divorce, and job or military transfers.
Mortgage rates are another key determining factor. Mortgage interest rates are very close to all-time lows and offer today’s purchasers the opportunity to save tens of thousands of dollars over the lifetime of a loan. The third reason is that real estate agents have quickly moved to a technology that allows home purchasers to view homes, meet with mortgage professionals, and consult with their agents throughout the home buying process. All of this can happen within the required safety protocols, so we, as real estate professionals are continuing to help families make important moves and ease sellers’ minds which in turn has created more homes on the market and more buyers purchasing.
If you are considering buying or selling, contact us to schedule a Zoom meeting to discuss your options.