“Unlike last year, there’s another type of buyer that is very active this winter – the homebuyer.”
Black Friday is behind us and holiday gifts are flying off the shelves in stores and online. Unlike last year, however, there’s another type of buyer that is very active this winter – the homebuyer.
Each month, ShowingTime releases their Showing Index, which tracks the average number of appointments received on active U.S. house listings. The latest index revealed:
“Traffic was more active once again compared to 2018, as the nation saw its third straight month of higher year-over-year showing activity…The 5.5% increase in showings nationwide was the largest jump in activity during the now three-month streak of year-over-year increases vs. 2018.”
The same report indicates showings increased in every region of the country:
- The South increased by 10.8%
- The West increased by 8.6%
- The Northeast increased by 3.8%
- The Midwest increased by 1.5%
Why is the traffic more active?
One of the main reasons buyer traffic has increased year-over-year is that mortgage rates have fallen dramatically. According to Freddie Mac, the average mortgage rate last December was 4.64%. Today, the rate is almost a full percentage point lower!
Bottom Line
There are first-time, move-up, and move-down buyers actively looking for the home of their dreams this winter. If you’re thinking of selling your house in 2020, you don’t need to wait until the spring to do it. Your potential buyer may be searching for a home in your neighborhood right now.
To view original article, visit Keeping Current Matters.
Just Sold! 14 Cedar Street, Center Moriches, NY 11934
Check out the latest sale from BrookHampton Realty!
Let us help you with your next move!
5 Reasons to Sell This Fall
Perhaps the time has come for you and your family to move on and start living the life you desire. NOW may be exactly that time! Let’s get together and talk about it!
A Recession Does Not Equal a Housing Crisis
Experts predict a potential recession on the horizon. But, housing will not be the trigger; home values will still continue to appreciate.
Top Priorities When Moving With Kids
If you’re a seller with children and looking to relocate, let’s get together to navigate the process in the most reasonable time frame for you and your family.
What’s the Latest on Interest Rates?
As a potential buyer, the best thing you can do is work with a trusted advisor who can help you keep a close eye on how the market is changing.
Experts Predict a Strong Housing Market for the Rest of 2019
The housing market will be strong for the rest of 2019. Let’s get together to discuss what’s happening in our area.