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How Homebuyers Can Navigate Our Housing Market
June 14, 2021 at 8:16am | Julie Hayward
Here’s what buyers can look forward to in our market.
It’s been a frustrating year for many buyers in our market due to incredibly high demand but very low inventory. The sellers are loving it, though—until they realize they also have to find a new home, that is.
Today’s market is simply an example of supply and demand, but many people still have painful memories of the housing crash of the late 2000s. Nothing lasts forever, and the market will correct itself in the future.
Right now, the market’s also affected by factors like fear, low interest rates, and delayed foreclosures. These are all heavily impacting home inventory levels,
but they’ll all return to normal soon. Vaccines will help people feel safer about selling, interest rates will rise, and foreclosures will begin again. These changes will push a flood of new homes into the market.
"Nothing lasts forever, and the market will correct itself in the future."
It’s a fantastic time to sell a home, but it’s also not a bad time for buyers to jump into the market. Low interest rates will help keep monthly payments low, and there are several things we can do to help strengthen your offer and make it stand out
from the competition. For example, we can add flexibility to your timeline and adjust or remove contingencies.
Whether you’re looking to buy or sell, we’d be happy to help you with any and all of your real estate needs. Feel free to reach out to us with any questions you may have. We look forward to hearing from you soon.