2020 Homebuyer Preferences #tuesdaytipSome Highlights A recent study from HarrisX shows the current health crisis isn’t slowing down today’s homebuyers. Many buyers are
Homeowners In The Mood To Buy
“Going forward, we forecast the 30-year fixed-rate mortgage to remain low, falling to a yearly average of 3.4% in 2020 and 3.2% in 2021.”
“While the rebound in the economy is uneven, one segment that is exhibiting strength is the housing market. Purchase demand activity is up over twenty percent from a year ago, the highest since January 2009. Mortgage rates have hit another record low due to declining inflationary pressures, putting many homebuyers in the buying mood. However, it will be difficult to sustain the momentum in demand as unsold inventory was at near record lows coming into the pandemic and it has only dropped since then.”
Real estate is a natural extension of my passion for family and community. In my spare time, I can be found spending time with my family, enjoying the outdoors on the local walking trails or doing....