
Homebuyer Demand Is Far Above Last Year’s Pace
Homebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July.

Homebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July.

When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit.

The residential real estate market has definitely been the shining light in this country’s current economic situation.

In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand.

Today, home prices are appreciating.

Today’s housing market is making a truly impressive turnaround, and it’s also setting up some outstanding opportunities for buyers and sellers.

Today’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it.

America has faced its share of challenges in 2020.

So far, it’s been quite a ride this year, and our nation has truly seen its fair share of hurdles.

The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic.

The health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether.

For months now the vast majority of Americans have been asking the same question: When will the economy turn around?

Inventory is arguably the biggest challenge for buyers in today’s housing market.

There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market.

Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%.

Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months.

With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the housing market this summer.

In a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won’t sell because of the pandemic and resulting economic recession.

Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception.
