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Buyer Demand | Real Estate Blog

Monday, July 8, 2024   /   by Amy Richardson

Focus on Time in the Market, Not Timing the Market

Should you buy a home now or should you wait? That’s a big question on many people’s minds today. And while what timing is right for you will depend on a lot of other personal factors, here’s something you may not have considered.
If you’re able to buy at today’s rates and prices, it may be better to focus on time in the market, rather than timing the market.
The Downside of Trying To Time the Market
Trying to time the market isn’t a good strategy because things can change. Here’s an example. For the better part of this year, projections have said mortgage rates will come down. And while experts agree that’s still what’s ahead, shifts in various market and economic factors have pushed back the timing of when that’ll happen. Here’s how that’s impacted homebuyers who’ve been sitting on the sidelines. As U.S. News says:
“Those who put off buying a home during the past few years as they were holding ou ...

  homebuyers, housing market, mortgage rates, buyer demand

Tuesday, June 25, 2024   /   by Amy Richardson

How Long Will It Take To Sell My House?

You want your house to sell fast. And you may be wondering
how long the whole process is going to take. One way to get your answer? Work
with a local real estate agent.
They have the expertise to tell you how quickly homes are
selling in your area and what’s impacting timelines for other sellers. That way
you have realistic expectations and can work together to come up with a plan
that’s based on today’s market.
Here’s a high-level overview of just one of the factors a
great agent will walk you through – the supply of homes for sale and how that
impacts your process.
The Growing Supply of Homes for Sale
Over the past few months, the number of homes for sale has
increased. This is good news when you move because it means you’ll have more
options as you search for your next home. But it also means buyers have more to
choose from, so if your house doesn’t stand out – it may take a bit longer to
sell.
The numbers bes ...

  housing market, buyer demand, home selling

Tuesday, June 4, 2024   /   by Amy Richardson

What can you expect if you Buy or Sell a Home in June

June tends to be a busy month in the housing market, with increased activity in buying and selling homes.
Here are some key points to keep in mind if you’re planning to Buy a home this June:
Increased Competition: Late spring into summer sees a surge in homebuyer activity. Families often prefer to move after the school year ends and before the next one begins. As a result, more buyers will be actively searching for homes during this time.
More Sellers Listing: The good news is that June is also when more sellers decide to list their homes. This means you’ll have a broader range of options to choose from. Keep an eye out for new listings hitting the market.
Having an experienced reliable real estate agent by your side is crucial during this bustling season. Here’s how they can assist you:
Stay Informed: Your agent will keep you updated on the latest listings, ensuring you don’t miss out on any opportunities. They’ll provide details on new homes hitt ...

  homebuyers, buyer demand, home selling, housing market

Tuesday, May 14, 2024   /   by Amy Richardson

Should I Wait for Mortgage Rates To Come Down Before I Move?

If you’ve got a move on your mind, you may be wondering whether you should wait to sell until mortgage rates come down before you spring into action. Here’s some information that could help answer that question for you.

In the housing market, there’s a longstanding relationship between mortgage rates and buyer demand. Typically, the higher rates are, you’ll see lower buyer demand. That’s because some people who want to move will be hesitant to take on a higher mortgage rate for their next home. So, they decide to wait it out and put their plans on hold.

But when rates start to come down, things change. It goes from limited or weak demand to good or strong demand. That’s because a big portion of the buyers who sat on the sidelines when rates were higher are going to jump back in and make their moves happen. The graph below helps give you a visual of how this relationship works and where we are today:


As Lisa Sturtevant, Chief Economist s ...

  buyer demand, home selling, mortgage rates

Home Smart - Savvy Realty Group
Amy Richardson
6909 W Ray Rd #21
Chandler, AZ 85226
602-448-8081

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