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Is Our Market Favoring Buyers or Sellers?
January 29, 2021 at 9:58am | Julie Hayward
Today's market is great for both buyers and sellers. Here's why.
The top question I get asked every day: What is the real estate market like today?
To answer that question, inventory is extremely low, and a lot of that has to do with low interest rates, the economy, our political climate, and people’s fears. Some people, for example, thought about selling in the recent past but decided to wait until things settle down with the pandemic and they have more assurance as to what direction their lives are heading.
"You have the perfect opportunity to explore your options."
If you’re looking to buy, now’s a great time to do so. Home prices are increasing slightly, but interest rates are historically low. You can lock in a 30-year mortgage these days at just 3%! If you’re a seller, we have a surplus of buyers competing
for homes, so your home could be in high demand. A lot of sellers are getting multiple offers—strong offers, at that.
Either way, you have the perfect opportunity to explore your options, and I’d be more than happy to assist you in doing this. Just give me a call or shoot me an email. I look forward to hearing from you.