MomsTown - NOV 2020 - DEL SUR - 11-2-2020

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5

REASONS

to sell now

If you’re in the market to sell your home but assumed you should write off this home-selling season as a lost cause, we have good news! Here are a few reasons why the market could actually be moving strongly in your favor: 1. BUYER DEMAND IS BACK The real estate market is already seeing strong signs of a rebound, according to the National Association of Realtors®’ pending home sales shot up 44.3% — the highest month-overmonth jump since 2001, when the index began.

2. INVENTORY REMAINS LOW

4. BUYERS’ NEEDS HAVE CHANGED

Yet amid this glut of home buyers, the number of homes for sale to actually meet this pent-up demand is at an all-time low.

Home offices, more privacy, outdoor spaces and just more room in general are becoming more and more important to homeowners.

3. HOME PRICES ARE UP

5. MORTGAGE RATES ARE LOW

With demand for homes up and inventory down, the conditions are perfect for home sellers to get higher prices.

Another factor pushing home buyers to shop are the lower mortgage interest rates. Need additional information? Contact Ray Shay at (858) 449-4970 for the latest real estate statistics

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