469-582-0282
RE/MAX DFW Associates VI 8100 Dallas Parkway #200 Plano, TX 75024
Each office independently owned and operated
C ynthia F owler
RE/MAX Hall of Fame REALTOR®, ABR, SRS, SFR, I.R.E.S RE/MAX DFW Associates VI
T he H omestead at C arrollton
214-803-3452
CynthiaFowler@remax.net www.TheHomesteadHomes.com
Holiday Real Estate Market Update
The Market is Abnormally hot Typically, the real estate market tends to hit the brakes in the fall, as kids return to school and families juggle work, extracurricular activities and the upcoming holidays. But that’s not what’s happening. Homes are getting snapped up faster as values rise and mortgage rates continue to slide.
Why is Homebuying Taking Off Now?
How the Pandemic Shaped the Market
Experts can’t point to just one reason why homebuying has defied expectations as we face a still uncertain economy and elevated levels of unemployment. Why is there such a big appetite now?
Experts agree, the coronavirus has changed what people are looking for in a home—but to what extent is up for debate. Are people really abandoning major cities to buy houses in the suburbs?
Low mortgage rates? More space to work from home? Buyers who waited for the pandemic to subside? It’s likely a combination of a few or all of these factors.
Headlines have suggested that people are leaving dense urban centers to buy houses in the suburbs where land is plentiful and their neighbors are not within six feet.
Buyers who were held back during the spring watched mortgage rates drop. Now that businesses are opening and more people are finding ways to live safely, the homebuying hesitancy has subsided. Low rates are just adding extra impetus to an already motivated buying segment.
Regardless of where you live, extra space is commanding buyer interest. The prospect of permanently working from home and schools requiring remote learning has caused homebuyers to reevaluate how much room they need. Even after the coronavirus is contained, there will still be people who continue to work from home.
“With unusually high buyer interest this late in the homebuying season, buyers are moving much faster than this time last year to beat out competition and lock in low mortgage rates. This means homes are sitting on the market for much less time, despite notably higher price tags.”
R eal E state M arket R eport | D ecember 2020
Prepared Especially for Jonathan-Thomas and Angela-Marie Washington
—Danielle Hale, Realtor.com economist
Presented by Cynthia Fowler
Jonathan-Thomas and Angela-Marie, This is the perfect time of year to take advantage of these unique market and historic conditions; don’t miss this opportunity! Please call me today at 214-803-3452 to receive a personal market analysis.
RE/MAX DFW Associates VI The Homestead’s Top-Producing Agent RE/MAX Hall of Fame D Magazine - 2020 Best Real Estate Agent
by Forbes.com. Published September 11th, 2020 at 12:18pm by Forbes staff. | Vecteezy.com