Michelle Parra December 14, 2021
From the opportunity to take advantage of low mortgage rates to changing homeowner needs, Americans have more motivation than ever to buy a home. According to real estate experts, buyers are actively making moves right now, creating an unseasonably strong housing market for this time of year.
As we wrap up the fall season and move into the winter months, here is a look at what several industry leaders have to say about the continued momentum in the current market, and what it means as we head into early next year.
“This solid buying is a testament to demand still being relatively high, as it is occurring during a time when inventory is still markedly low. The notable gain in October assures that total existing-home sales in 2021 will exceed 6 million, which will shape up to be the best performance in 15 years.”
“So far in November, purchase applications point to another strong month in sales. Still low rates and demographic demand support this strength, even as affordability and inventory headwinds remain.”
“The demand for housing in the United States has reached a fever pitch, a trend that opposes the norm of this time of year when the market cools as the winter months set in.”
“Strong demographic demand will continue to act as the wind in the housing market’s sails.”
Buyers are actively in the market and competing for available properties. Driven by the momentum coming out of fall, all signs point to the winter housing market picking up steam, making it much busier than in a typical year. As we have seen in so many ways, recent years were anything but typical in real estate, and the upcoming season is set to follow suit.
If you think the housing market will slow down this winter, think again. Whether you are considering buying a home, selling your house, or both—reach out to a local real estate professional to determine if this winter is your best time to make a move.
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Let Michelle put her expertise to work for you. She understands that buying or selling can be a pivotal time, and she will list your property expertly and with results in mind. If you are making a move and searching for the perfect space, or if it’s time to list your residence, Michelle’s wide network, and deep resources will get the job done.
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