Mortgage
Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it.
The ShowingTime Showing Index is a measure of buyers touring homes. The graph below uses the latest numbers available and compares them to the same month in the last normal years to show just how active today’s buyers still are:
As you can see, when June 2023 numbers are stacked alongside what’s typical for the housing market at this time of year, it's clear buyers are still active. And, they’re actually a lot more active than the norm.
If you’re wondering how this could possibly be true, it’s because buyers are getting used to higher mortgage rates and accepting them as the new reality. As Danielle Hale, Chief Economist, Realtor.com, explains:
“Interest rate hikes continue to further cut into buyers' purchasing power, although they appear to have adapted to the higher mortgage rate environment . . .”
It’s simple. Buyers will always need to buy, and those who can afford to move at today’s rates are going to do so.
While it’s true things have slowed down from the frenzy of the last couple of years, it doesn’t mean today’s market is at a standstill. The reality is: buyer traffic is still strong today. Even with today’s mortgage rates, plenty of buyers are still making their moves. So why delay your own move when there’s clearly a market for your house?
Don’t put off your plans because you’re worried no one will buy your home. The opposite is true, and more buyers are more active than the norm. Let’s connect to get your house ready to sell, so it makes the best first impression possible on those eager buyers.
Stay up to date on the latest real estate trends.
Mortgage
An inspection is your chance to avoid costly headaches and get peace of mind
Mortgage
If you want or need to move this year, know that the experts say things should start looking up
Mortgage
Homes that sell quickly don’t necessarily have better features – they have better agents and a better strategy.
Mortgage
Homeownership is generally viewed as a preferred long-term investment
Mortgage
Many loan options require much less
Mortgage
Thanks to recent home price appreciation, homeowners have near record amounts of equity – and you may too
New Listing
2 beds | 2 baths | 1,971 sq ft
Mortgage
Let’s take a look at some historical data to show what’s happened in the housing market during each recession
Mortgage
Some areas are still super competitive for buyers, while others are seeing more homes sit on the market
You’ve got questions and we can’t wait to answer them.