In the early days of the coronavirus pandemic, predictions were plentiful but unreliable. No one truly knew what to expect.
With months of hindsight now in the rearview mirror, some surprising insights have been revealed.
Three months ago, did you think that home prices would go up? As a homeowner, did you expect your property to be in as high demand as ever?
As far as real estate goes, it turns out that interest rates are as powerful as a global pandemic—if not more so—on housing demand. A new survey from LendingTree depicts an eager flock of homebuyers motivated by historically low mortgage rates and increased savings after months of staying home.
When the summer hits its stride, we expect to see a release of pent-up demand. We will continue working hard to ensure the health and safety of our buyer and seller clients, just as we work to ensure a stress-free and successful real estate experience.
If you feel like it’s time for a change, or if you just want to check in on our local real estate market, please don’t hesitate to reach out! We’re always happy to hear from you.
Compass is a real estate broker licensed by the state of California and abides by equal housing opportunity laws. License number 01527365. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage