Are You Ready for the Summer Housing Market?As the health crisis started making its way throughout our country earlier this spring, sellers have been cautious about putting their homes on the.
Are You Ready For The Summer Housing Market
Are You Ready for the Summer Housing Market?
“As more homeowners are reluctant to list their homes for sale amid the pandemic, the supply of homes available to potential home buyers continues to dwindle.”
“New listings: On the slow path to recovery. Nationwide the size of declines held mostly steady this week, dropping 23 percent over last year, a slight increase over last week but still an improvement over the 30 percent declines in the first half of May.”
“Sellers have yet to come back in full force, limiting the availability of homes for sale. Total active listings are declining from a year ago at a faster rate than observed in previous weeks, and this trend could worsen as buyers regain confidence and come back to the market before sellers.”
“In the coming months, buying activity will rise as states reopen and more consumers feel comfortable about homebuying in the midst of the social distancing measures.”
“More properties will have to enter the market in June to bring the number of options for buyers back to normal levels for this time of the year, nationwide and in all large markets.”
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Jeffrey Daniels does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Jeffrey Daniels will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
Reno Paccioni is born and raised in Arizona, Reno is a true native with vast knowledge of the valley. From an early age Reno developed a competitive nature that fueled him to not only set goals but ac....
Latest Blog Posts
Is a Recession Here? Yes. Does that Mean a Housing Crash? No.On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a
There are many items to consider before putting your Scottsdale or Greater Phoenix home up for sale, but we wanted to let you know that you should definitely consider these