In 2020, Summer is the new Spring
Homebuyers are jumping back into the market as stay-at-home orders are starting to lift. The busy spring real estate season is shifting into the summer because many families put their plans on hold, due to the COVID-19 pandemic. In 2020, summer is the new spring for real estate.
What’s the Opportunity for Buyers?
Due to historically low interest rates, buyers are coming back to the market, even with forced unemployment and stay-at-home orders. With mortgage rates at such low levels, there is more incentive than ever to buy a home this summer.
What’s the Opportunity for Sellers?
Many sellers were waiting out the spring season to see what the market was going to do. Although more people are now putting their homes up for sale this month as compared to last month, current inventory is still well below last year’s. Buyers are definitely looking. If you have been thinking of selling, now could be the perfect time.
One Plus Realty is committed to help you navigate both buying and/or selling, even during this pandemic.