Real Estate Is a Driving Force in the EconomyAs the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning. This is … [Read more...]
As the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure crisis next year. This is understandable, especially for those who remember the housing crisis that began in 2008. The reality is, plans … [Read more...]
Buyer Interest Is Growing among Younger Generations The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. … [Read more...]
How Down Payment Assistance Opens the Door to Homeownership Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of … [Read more...]
Custom Home Search Help me Find my Perfect Dream Home! Tell me what you’re looking for in your new Dream Home...I can help you find the newest and best homes on the market. Need Help with the Right Mortgage? See how you can save … [Read more...]
Real Estate Pricing - Know the Difference We will assist you in determining a value range before you make an offer. We start the process for your Price Driven Approach we start with the Multiple Listing Service (MLS). This is a vague report based … [Read more...]
Why Is It so Important to Be Pre-Approved in the Homebuying Process? You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a … [Read more...]
Some Highlights - Home Purchase Bidding War With so few houses available on the market today, being ready for a bidding war is essential for prospective homebuyers.From pre-approval to making your best offer, here are three tips to make sure you … [Read more...]
What Are Experts Saying about Home Prices? The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially … [Read more...]
Real Estate Continues to Show Unprecedented Strength This Year The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of … [Read more...]
A Homeowner’s Net Worth Is 40x Greater Than a Renter’s One of the best ways to build your family's financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 x greater … [Read more...]
Current Buyer & Seller Perks in the Housing Market Today’s housing market is making a truly impressive turnaround, and it’s also setting up some outstanding opportunities for buyers and sellers. Whether you’re thinking of buying or selling a … [Read more...]
It’s Not Just About the Price of the Home When most of us begin searching for a home, we naturally start by looking at the price. It’s important, however, to closely consider what else impacts the purchase. It’s not just the price of the house that … [Read more...]
How Will the Presidential Election Impact Real Estate? The year 2020 will be remembered as one of the most challenging times of our lives. A worldwide pandemic, a recession causing historic unemployment, and a level of social unrest perhaps never … [Read more...]
Rent Versus Homeownership - Now Is The Best Time To Purchase Highlights With interest rates at an all time low, you have the perfect storm for success. Myth #1: “I Need a 20% Down Payment” Many buyers often overestimate what they need … [Read more...]
Mortgage Rates Hit Record Lows for Three Consecutive Weeks 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’s reported rate reached the lowest … [Read more...]
Is the Economic Recovery Beating All Projections?Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to … [Read more...]
Housing Market on Track to Beat Last Year’s Success Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline … [Read more...]
The Cost of a Home Is Far More Important than the PriceHousing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported:“Newly pending … [Read more...]
Is Now a Good Time to Move?How long have you lived in your current home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers by the National Association of Realtors (NAR), in 2019, … [Read more...]
Pam Sawyer
Web Developer | Facebook Marketing Certified | Lead Agent
Cell: 248-343-2459
E-Mail: Click Here
Address: 45609 Village Blvd. Shelby Twp.
Mrs. G Condo
Once the kids have left the nest, you may be wondering what to do with all of the extra space in your home. Chances are, you don’t need four bedrooms anymore, and it may be a great time to sell your house and downsize, maybe even into a single-story home. You’ve likely gained significant equity if you’ve lived in your home for a while. Making a move while demand for your current house is high could be your best step forward. Maybe it’s time to revisit those retirement goals you set out to achieve several years ago.
Is it Time to Move into a Single-Story Home?
The dilemma, though, is where to go next. A big concern for many homeowners who are ready to sell is finding a home to move into, given today’s lack of houses available for sale. There is, however, some good news: the number of single-family 1-story homes being built today is on the rise, improving your odds of finding the right home for your changing needs. In a recent article, The National Association of Home Builders (NAHB) explains:“Nationwide, the share of new homes with two or more stories fell from 53% in 2018 to 52% in 2019, while the share of new homes with one story grew from 47% to 48%.”Here’s a map showing the breakdown of newly constructed homes being built by region, and the percentage of 1-story and 2-story homes in that mix:
What are the benefits of buying a one-story home?
Still not sure about buying a single-story home? An article from Home Talk covers several advantages of switching from two floors to one: 1. Energy Efficient“It is easier to heat and cool a single-story house [than] it would be to regulate the temperatures of a multi-story house.”Most single-story homes only need one heating or cooling unit, and they typically stay cooler than a two-story home, both of which can lead to significant savings. 2. Easier to Maintain“Doing a general cleaning in a single story requires less effort and you will be able to see all areas that need cleaning and the areas are easily accessible.”Cleaning and maintenance of a single-story home can take less time and effort, and better upkeep helps improve the overall value of the home. 3. Accessible for Everyone“A single-story house can be accessed by anyone, whether they are young children or the senior citizens.”If you’re looking for a house that provides a safe and easily accessible environment at any age, a single-story home may be optimal. 4. Good Resell Potential“When buying a single-story house, you should consider the resale value should you think of reselling it in case of a circumstance that can happen. Look at the growth rate of that area. Due to the high demand of these types of houses it is [easy] to resell them and depending on the growth rate of an area, it increases in value significantly.”Single-story homes have a lot of benefits and are often in higher demand. This bodes well for future resale opportunities.Bottom Line
There are many benefits to downsizing into a one-story home. Doing so while demand for your current house is high might make it easier than ever to make a move. Let’s connect if you’re ready to purchase the single-story home you need while homes are so affordable today. First and Foremost, Safety First! As we move forward trying to navigate our way through our new surroundings. Putting your dream of a new a home on HOLD shouldn’t be one of them. Now more than ever knowledge will be your power. Know the Market You’re In and your Negotiation Power.In Closing
If you have any questions contact us: Chat Bot, in the bottom right bubble, Email or contact my Cell @ 248-343-2459. With the doom and gloom of the virus. One thing history has shown us, this will NOT define us. Stay safe! Please comment below your thoughts or what future article you would like to see. This site is for you❣
Help me Find my Perfect Dream Home!
Tell me what you’re looking for in your new Dream Home…I can help you find the newest and best homes on the market.
Need Help with the Right Mortgage?
See how you can save Thousands.
Have Questions?
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
Mrs. G.... / Macomb
Robert & Linda W. – Dunhill
The #1 Reason Not to Wait to Sell Your House for Sale
Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them. Mark Fleming, Chief Economist for First American, just reported:
“Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.”
Buyer demand is still strong heading into the fall. ShowingTime, which tracks the average number of buyer showings on residential properties, just announced that buyer showings are up 61.9% compared to the same time last year. They went on to say:
“Normally, real estate activity begins to slow down in the late summer, but this year it peaked in July, August and into September.”
There Is One Big Challenge
Purchaser demand is so high, the market is running out of available homes for sale. Just last week, realtor.com reported:
“Since the beginning of the COVID pandemic in March, nearly 400,000 fewer homes have been listed compared to last year, leaving a gaping hole in the U.S. housing inventory.”
The National Association of Realtors (NAR) revealed that, while home sales are skyrocketing, the inventory of existing homes for sale is dropping dramatically. Below is a graph of existing inventory (September numbers are not yet available):
Homebuilders are increasing construction, but they cannot keep up with the high demand. Bill McBride, founder of the Calculated Risk blog, in discussing inventory of newly constructed houses, notes:
“The months of supply decreased to 3.3 months…This is the all-time record low months of supply.”
What does this mean for sellers?
Anyone thinking of putting their home on the market should not wait. A seller will always negotiate the best deal when demand is high and supply is limited. That’s exactly the situation in the real estate market today.
Next year, when the pandemic is hopefully behind us, there will be many more properties coming to the market. Don’t wait for that increase in competition in your neighborhood. Now is the time to sell.
Bottom Line
With low interest rates and very low inventory, now is the best time to sell. I am watching the market closely and we still have many unkowns moving into 2021. Let’s connect today to get your house on the market at this optimal time to sell.
First and Foremost, Safety First!
As we move forward trying to navigate our way through our new surroundings. Putting your dream of a new a home on HOLD shouldn’t be one of them. Now more than ever knowledge will be your power. Know the Market You’re In and your Negotiation Power.
In Closing
If you have any questions contact us: Chat Bot, in the bottom left bubble. Contact me by Email or my Cell @ 248-343-2459. With the doom and gloom of the virus. One thing history has shown us, this will NOT define us. Stay safe! Please comment below your thoughts or what future article you would like to see. This site is for you❣
Help me Find my Perfect Dream Home!
Tell me what you’re looking for in your new Dream Home…I can help you find the newest and best homes on the market.
See how you can save Thousands.
Have Questions?
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
Mr. and Mrs. Wenner / Dunhill Dr.
Ted & Mel C. – Burns
The #1 Reason Not to Wait to Sell Your House for Sale
Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them. Mark Fleming, Chief Economist for First American, just reported:
“Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.”
Buyer demand is still strong heading into the fall. ShowingTime, which tracks the average number of buyer showings on residential properties, just announced that buyer showings are up 61.9% compared to the same time last year. They went on to say:
“Normally, real estate activity begins to slow down in the late summer, but this year it peaked in July, August and into September.”
There Is One Big Challenge
Purchaser demand is so high, the market is running out of available homes for sale. Just last week, realtor.com reported:
“Since the beginning of the COVID pandemic in March, nearly 400,000 fewer homes have been listed compared to last year, leaving a gaping hole in the U.S. housing inventory.”
The National Association of Realtors (NAR) revealed that, while home sales are skyrocketing, the inventory of existing homes for sale is dropping dramatically. Below is a graph of existing inventory (September numbers are not yet available):
“The months of supply decreased to 3.3 months…This is the all-time record low months of supply.”
What does this mean for sellers?
Anyone thinking of putting their home on the market should not wait. A seller will always negotiate the best deal when demand is high and supply is limited. That’s exactly the situation in the real estate market today.
Next year, when the pandemic is hopefully behind us, there will be many more properties coming to the market. Don’t wait for that increase in competition in your neighborhood. Now is the time to sell.
Bottom Line
With low interest rates and very low inventory, now is the best time to sell. I am watching the market closely and we still have many unkowns moving into 2021. Let’s connect today to get your house on the market at this optimal time to sell.
First and Foremost, Safety First!
As we move forward trying to navigate our way through our new surroundings. Putting your dream of a new a home on HOLD shouldn’t be one of them. Now more than ever knowledge will be your power. Know the Market You’re In and your Negotiation Power.
In Closing
If you have any questions contact us: Chat Bot, in the bottom left bubble. Contact me by Email or my Cell @ 248-343-2459. With the doom and gloom of the virus. One thing history has shown us, this will NOT define us. Stay safe! Please comment below your thoughts or what future article you would like to see. This site is for you❣
Help me Find my Perfect Dream Home!
Tell me what you’re looking for in your new Dream Home…I can help you find the newest and best homes on the market.
See how you can save Thousands.
Have Questions?
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
TEd & Mel C. Burns
Rob & Angie – Oceola Twp
The #1 Reason Not to Wait to Sell Your House for Sale
Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them. Mark Fleming, Chief Economist for First American, just reported:
“Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.”
Buyer demand is still strong heading into the fall. ShowingTime, which tracks the average number of buyer showings on residential properties, just announced that buyer showings are up 61.9% compared to the same time last year. They went on to say:
“Normally, real estate activity begins to slow down in the late summer, but this year it peaked in July, August and into September.”
There Is One Big Challenge
Purchaser demand is so high, the market is running out of available homes for sale. Just last week, realtor.com reported:
“Since the beginning of the COVID pandemic in March, nearly 400,000 fewer homes have been listed compared to last year, leaving a gaping hole in the U.S. housing inventory.”
The National Association of Realtors (NAR) revealed that, while home sales are skyrocketing, the inventory of existing homes for sale is dropping dramatically. Below is a graph of existing inventory (September numbers are not yet available):
“The months of supply decreased to 3.3 months…This is the all-time record low months of supply.”
What does this mean for sellers?
Anyone thinking of putting their home on the market should not wait. A seller will always negotiate the best deal when demand is high and supply is limited. That’s exactly the situation in the real estate market today.
Next year, when the pandemic is hopefully behind us, there will be many more properties coming to the market. Don’t wait for that increase in competition in your neighborhood. Now is the time to sell.
Bottom Line
With low interest rates and very low inventory, now is the best time to sell. I am watching the market closely and we still have many unkowns moving into 2021. Let’s connect today to get your house on the market at this optimal time to sell.
First and Foremost, Safety First!
As we move forward trying to navigate our way through our new surroundings. Putting your dream of a new a home on HOLD shouldn’t be one of them. Now more than ever knowledge will be your power. Know the Market You’re In and your Negotiation Power.
In Closing
If you have any questions contact us: Chat Bot, in the bottom left bubble. Contact me by Email or my Cell @ 248-343-2459. With the doom and gloom of the virus. One thing history has shown us, this will NOT define us. Stay safe! Please comment below your thoughts or what future article you would like to see. This site is for you❣
Help me Find my Perfect Dream Home!
Tell me what you’re looking for in your new Dream Home…I can help you find the newest and best homes on the market.
See how you can save Thousands.
Have Questions?
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
Rob and Angie Oceola Twp
Sue and Mark S.
The #1 Reason Not to Wait to Sell Your House for Sale
Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them. Mark Fleming, Chief Economist for First American, just reported:
“Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.”
Buyer demand is still strong heading into the fall. ShowingTime, which tracks the average number of buyer showings on residential properties, just announced that buyer showings are up 61.9% compared to the same time last year. They went on to say:
“Normally, real estate activity begins to slow down in the late summer, but this year it peaked in July, August and into September.”
There Is One Big Challenge
Purchaser demand is so high, the market is running out of available homes for sale. Just last week, realtor.com reported:
“Since the beginning of the COVID pandemic in March, nearly 400,000 fewer homes have been listed compared to last year, leaving a gaping hole in the U.S. housing inventory.”
The National Association of Realtors (NAR) revealed that, while home sales are skyrocketing, the inventory of existing homes for sale is dropping dramatically. Below is a graph of existing inventory (September numbers are not yet available):
“The months of supply decreased to 3.3 months…This is the all-time record low months of supply.”
What does this mean for sellers?
Anyone thinking of putting their home on the market should not wait. A seller will always negotiate the best deal when demand is high and supply is limited. That’s exactly the situation in the real estate market today.
Next year, when the pandemic is hopefully behind us, there will be many more properties coming to the market. Don’t wait for that increase in competition in your neighborhood. Now is the time to sell.
Bottom Line
With low interest rates and very low inventory, now is the best time to sell. I am watching the market closely and we still have many unkowns moving into 2021. Let’s connect today to get your house on the market at this optimal time to sell.
First and Foremost, Safety First!
As we move forward trying to navigate our way through our new surroundings. Putting your dream of a new a home on HOLD shouldn’t be one of them. Now more than ever knowledge will be your power. Know the Market You’re In and your Negotiation Power.
In Closing
If you have any questions contact us: Chat Bot, in the bottom left bubble. Contact me by Email or my Cell @ 248-343-2459. With the doom and gloom of the virus. One thing history has shown us, this will NOT define us. Stay safe! Please comment below your thoughts or what future article you would like to see. This site is for you❣
Help me Find my Perfect Dream Home!
Tell me what you’re looking for in your new Dream Home…I can help you find the newest and best homes on the market.
See how you can save Thousands.
Have Questions?
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
Mark and Sue S.
Kevin & Kathy K.
The #1 Reason Not to Wait to Sell Your House for Sale
Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them. Mark Fleming, Chief Economist for First American, just reported:
“Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.”
Buyer demand is still strong heading into the fall. ShowingTime, which tracks the average number of buyer showings on residential properties, just announced that buyer showings are up 61.9% compared to the same time last year. They went on to say:
“Normally, real estate activity begins to slow down in the late summer, but this year it peaked in July, August and into September.”
There Is One Big Challenge
Purchaser demand is so high, the market is running out of available homes for sale. Just last week, realtor.com reported:
“Since the beginning of the COVID pandemic in March, nearly 400,000 fewer homes have been listed compared to last year, leaving a gaping hole in the U.S. housing inventory.”
The National Association of Realtors (NAR) revealed that, while home sales are skyrocketing, the inventory of existing homes for sale is dropping dramatically. Below is a graph of existing inventory (September numbers are not yet available):
“The months of supply decreased to 3.3 months…This is the all-time record low months of supply.”
What does this mean for sellers?
Anyone thinking of putting their home on the market should not wait. A seller will always negotiate the best deal when demand is high and supply is limited. That’s exactly the situation in the real estate market today.
Next year, when the pandemic is hopefully behind us, there will be many more properties coming to the market. Don’t wait for that increase in competition in your neighborhood. Now is the time to sell.
Bottom Line
With low interest rates and very low inventory, now is the best time to sell. I am watching the market closely and we still have many unkowns moving into 2021. Let’s connect today to get your house on the market at this optimal time to sell.
First and Foremost, Safety First!
As we move forward trying to navigate our way through our new surroundings. Putting your dream of a new a home on HOLD shouldn’t be one of them. Now more than ever knowledge will be your power. Know the Market You’re In and your Negotiation Power.
In Closing
If you have any questions contact us: Chat Bot, in the bottom left bubble. Contact me by Email or my Cell @ 248-343-2459. With the doom and gloom of the virus. One thing history has shown us, this will NOT define us. Stay safe! Please comment below your thoughts or what future article you would like to see. This site is for you❣
Help me Find my Perfect Dream Home!
Tell me what you’re looking for in your new Dream Home…I can help you find the newest and best homes on the market.
See how you can save Thousands.
Have Questions?
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
Mr. and Mrs. K..... / Softwater Woods
Mr. & Mrs. B. – Nickelby & St. Andrews
The #1 Reason Not to Wait to Sell Your House for Sale
Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them. Mark Fleming, Chief Economist for First American, just reported:
“Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.”
Buyer demand is still strong heading into the fall. ShowingTime, which tracks the average number of buyer showings on residential properties, just announced that buyer showings are up 61.9% compared to the same time last year. They went on to say:
“Normally, real estate activity begins to slow down in the late summer, but this year it peaked in July, August and into September.”
There Is One Big Challenge
Purchaser demand is so high, the market is running out of available homes for sale. Just last week, realtor.com reported:
“Since the beginning of the COVID pandemic in March, nearly 400,000 fewer homes have been listed compared to last year, leaving a gaping hole in the U.S. housing inventory.”
The National Association of Realtors (NAR) revealed that, while home sales are skyrocketing, the inventory of existing homes for sale is dropping dramatically. Below is a graph of existing inventory (September numbers are not yet available):
“The months of supply decreased to 3.3 months…This is the all-time record low months of supply.”
What does this mean for sellers?
Anyone thinking of putting their home on the market should not wait. A seller will always negotiate the best deal when demand is high and supply is limited. That’s exactly the situation in the real estate market today.
Next year, when the pandemic is hopefully behind us, there will be many more properties coming to the market. Don’t wait for that increase in competition in your neighborhood. Now is the time to sell.
Bottom Line
With low interest rates and very low inventory, now is the best time to sell. I am watching the market closely and we still have many unkowns moving into 2021. Let’s connect today to get your house on the market at this optimal time to sell.
First and Foremost, Safety First!
As we move forward trying to navigate our way through our new surroundings. Putting your dream of a new a home on HOLD shouldn’t be one of them. Now more than ever knowledge will be your power. Know the Market You’re In and your Negotiation Power.
In Closing
If you have any questions contact us: Chat Bot, in the bottom left bubble. Contact me by Email or my Cell @ 248-343-2459. With the doom and gloom of the virus. One thing history has shown us, this will NOT define us. Stay safe! Please comment below your thoughts or what future article you would like to see. This site is for you❣
Help me Find my Perfect Dream Home!
Tell me what you’re looking for in your new Dream Home…I can help you find the newest and best homes on the market.
See how you can save Thousands.
Have Questions?
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
Mr. and Mrs. B. Nickelby and St. Andrews
Gordie W. Former Editor Macomb Daily
The #1 Reason Not to Wait to Sell Your House for Sale
Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them. Mark Fleming, Chief Economist for First American, just reported:
“Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.”
Buyer demand is still strong heading into the fall. ShowingTime, which tracks the average number of buyer showings on residential properties, just announced that buyer showings are up 61.9% compared to the same time last year. They went on to say:
“Normally, real estate activity begins to slow down in the late summer, but this year it peaked in July, August and into September.”
There Is One Big Challenge
Purchaser demand is so high, the market is running out of available homes for sale. Just last week, realtor.com reported:
“Since the beginning of the COVID pandemic in March, nearly 400,000 fewer homes have been listed compared to last year, leaving a gaping hole in the U.S. housing inventory.”
The National Association of Realtors (NAR) revealed that, while home sales are skyrocketing, the inventory of existing homes for sale is dropping dramatically. Below is a graph of existing inventory (September numbers are not yet available):
“The months of supply decreased to 3.3 months…This is the all-time record low months of supply.”
What does this mean for sellers?
Anyone thinking of putting their home on the market should not wait. A seller will always negotiate the best deal when demand is high and supply is limited. That’s exactly the situation in the real estate market today.
Next year, when the pandemic is hopefully behind us, there will be many more properties coming to the market. Don’t wait for that increase in competition in your neighborhood. Now is the time to sell.
Bottom Line
With low interest rates and very low inventory, now is the best time to sell. I am watching the market closely and we still have many unkowns moving into 2021. Let’s connect today to get your house on the market at this optimal time to sell.
First and Foremost, Safety First!
As we move forward trying to navigate our way through our new surroundings. Putting your dream of a new a home on HOLD shouldn’t be one of them. Now more than ever knowledge will be your power. Know the Market You’re In and your Negotiation Power.
In Closing
If you have any questions contact us: Chat Bot, in the bottom left bubble. Contact me by Email or my Cell @ 248-343-2459. With the doom and gloom of the virus. One thing history has shown us, this will NOT define us. Stay safe! Please comment below your thoughts or what future article you would like to see. This site is for you❣
Help me Find my Perfect Dream Home!
Tell me what you’re looking for in your new Dream Home…I can help you find the newest and best homes on the market.
See how you can save Thousands.
Have Questions?
Let us know what we can do to help you work your way through the Buying & Selling Puzzle.
Website Development, Production, and Content by Pam Sawyer @ Team Tag It Sold © 2017 All Rights Reserved
Gordie W.
