This year is seeing more buyer interest than 2019 despite impressions from COVID-19. This year’s turbulence may have temporarily deterred some buyers from making a move, but there’s a growing increase in buyer activity as businesses begin to reopen in some states. A big piece of what’s driving buyers to act now is historically low mortgage rates, contact me for a referral to a fantastic lender.
According to Freddie Mac, Purchase demand activity is up over twenty percent from a year ago, the highest since January 2009. Mortgage rates have hit another record low due to declining inflationary pressures, putting many home buyers in the buying mood.
This buying mood, combined with low inventory, is driving an increasingly competitive market. This puts sellers in a great position to sell fast and for a fair price. It also means buyers should be pre-approved and ready to act as soon as they find the home of their dreams.
If you’re considering selling, contact me right away to talk about listing strategy, price and timing. And if you’re a buyer I have a fail-proof approach to getting you the home you want in record time.