IAre 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:
Showing Index for June 2023 in Comparison to Junes in 2017-2019
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
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.
TheKeyTakeawayforYou
SOURCE: SHOWING TIME
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.
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?
Movingisexpensive,butMoverEngagecanhelp!Youwillreceiveexclusive dealsanddiscountsthroughoutyourmove,including15%offHomeDepot and20%offBudgetMoving.Tapintoalltheexclusivedeals!
Connectingutilitiescanbetime-consuming,butitdoesn'thavetobewith ourUtilityConnectconcierge Thisisaone-stopshopwithtrained expertstoresearchthebestservicesanddiscountsavailableandmake theconnection.Youalsohaveaccesstoyouronlineself-serviceplatform togetestimatesandbookservices.Itʼsallinoneplace,youwillloveit!
Manageeveryaspectofmovingandhomeownershipwithyourunique personalHomeownershipPortal. Accessreal-timemarketinformation, findlocalprofessionalsandservicesyouneedtorepairorrenovateand storeallyourhomedocumentssecurely Allwithinonesimpleand convenientplatform!
When your credit score goes up your interest rates can go down making it easier to afford a home, a car, and to pay down credit balances!
The best 'quiet luxury' bathroom ideas are anything but boring – and we have included a ton of addedvalue interior design advice, too
When it comes to designing a bathroom that exudes quiet luxury, put the focus on materials that will make a difference. Using marble as a single floor-to-ceiling surface in a bathroom is timelessly elegant – and spectacularly luxurious. The practice dates to the Romans, who decorated bathrooms and public rooms in marble There is a point at which it is possible to overdo the use of one material, however To avoid the space looking sterile and cold, add a warm finish in a material such as wood or metal as a subtle touch.
Antique and vintage cabinets are well worth considering for their innate character and capacity to ground a stark space Selecting time-worn furniture can help take the edge off the perfect ‘newness’ of sanitaryware and other hard surfaces for an oldmoney aesthetic. Cabinets, closets, and chests that sit on feet, rather than flush-to-the-floor plinths, will be safer from water ingress at ground level.
Bathroom hardware plays an important practical role in quiet luxury design, but many designers see it as a key style element that’s used in much the same way as jewelry finishes an outfit. ‘A bathroom should always contain a harmonious array of materials, metals, colors, textures, and shapes,’ says Alberto Lutzu, designer, of West One Bathrooms. He recommends selecting the style and finish of the taps, shower fittings and accessories at the same time as you’re putting together the sanitaryware, furniture and tile selections.
'The spa bathroom is a special place, for relaxation and taking some time for yourself,' says architect John Pawson on designing a sanctuary for quiet luxury. 'As one of the most important rooms in the house, it needs a lot of design energy, as how you deal with the bath, the basin, the shower, and the privacy of the loo all in one room can get interesting. Also, sustainability is a pressing issue, so how we use water and heat without wastage requires thoughtful consideration '
Labor Day weekend is almost here, and it's the perfect opportunity to bid farewell to summer in style Whether you ' re looking for relaxation, adventure, or quality time with loved ones, this extended weekend offers a chance to create unforgettable memories. Here's a curated list of fun-filled activities to make the most of your Labor Day weekend.
Beach Bonanza
Hit the beach for a sun-soaked weekend of relaxation and water-based adventures Build sandcastles, play beach volleyball, take a dip in the ocean, or simply unwind with a good book under the shade of an umbrella Don't forget to pack a picnic to savor while enjoying the soothing sound of waves crashing on the shore.
If you ' re more of an outdoors enthusiast, consider embarking on a hiking expedition. Find a local trail or a nearby national park, and set out on a nature-filled adventure Capture breathtaking vistas, discover hidden waterfalls, and immerse yourself in the beauty of the great outdoors
‘Turn your own backyard into a camping haven Pitch a tent, set up a cozy bonfire, and toast marshmallows under the starry night sky. It's a fantastic way to enjoy the joys of camping without straying too far from the comforts of home.
Plan a spontaneous road trip to a nearby town or city you ' ve never explored before. Embrace the adventure of discovering new places, local attractions, and trying out local cuisine
Labor Day weekend often coincides with local cultural events and festivals Check out art exhibitions, food fairs, music concerts, or craft shows taking place in your city Immerse yourself in the creativity and diversity of your community
‘I chose an earthy red color for the hallway to create an immediate sense of warmth in this family home,' says Fabrice Juan, an interior designer 'As the entrance links the reception rooms, I chose a color that subtly harmonizes the tones in these spaces while creating a contrast with the black woodwork.’
Experiment with your culinary skills by trying out new recipes or hosting a themed potluck with friends and family. Whether it's a BBQ extravaganza, international cuisine tasting, or a bake-off, the joy of cooking and sharing meals is incomparable
Labor Day weekend can be the perfect time to tackle those DIY projects you ' ve been putting off. Whether it's revamping a room, crafting personalized decor, or building something functional, channel your creativity and get to work
Indulge in some self-care and relaxation. Treat yourself to a spa day at home with bubble baths, face masks, and soothing music Disconnect from technology, unwind, and recharge your batteries
See how new paint colors look on your home... BEFORE IT'S PAINTED! Be "Color Confident" with a Virtual Color Consultation
Tell us your color preferences, and take our style quiz.
Our designers will create 3-5 initial designs for you to see online, then work with you to create more designs until you find the one you love.
Enjoy that feeling of knowing you'll love the paint color after your home is painted. No more guesswork!
