“With less competition and prices rising, the winter months are a great time to list your home.”
- Existing Home Sales are currently at an annual pace of 5.46 million.
- The inventory of existing homes for sale remains below the 6 months needed for a normal market and is now at a 3.9-month supply.
- Inventory remains low due to high demand from buyers who are still looking for a house to buy!
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Many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging.
It’s clear that the housing market is showing promising signs of recovery from the economic cuts we experienced earlier this spring.
The hope and the goal is for those temporarily unemployed due to COVID-19 will return to their old jobs.
The virus and other challenges currently impacting the industry have created a wide range of thoughts regarding the future of home prices.
If you’re thinking of selling, know that the motivation for buyers to purchase right now is as high as ever with rates where they are today.
Having equity to re-invest in your next home is a major force that can make moving a reality.