This next round of #MarketMonday highlights reasons why now is a great time to enter the real estate market if you’re a home buyer, especially a first-time home buyer. We also reflect on how millennials are starting to become more active in the real estate industry. Home prices have fallen recently, but that isn’t a sign of the market slowing down! With the constantly changing real estate market, our job is to keep you informed. Continue following our blog and we’ll make sure you’re up-to-date!
My team is happy to answer any questions about the current real estate market or to discuss what is most important to you whether you are looking to buy, sell or invest in today’s market.
Are you a home buyer contemplating entering the market? Now is a great time with the low interest rates and home prices finally starting to stabilize. Learn more about your options this year.
First-time home buyers, many of which are millennials, are starting to move into the real estate market at rapid speeds. Compared to last year, the number of first-time buyers have increased and make up almost 40% of overall buyers. For more insight into how these first-time buyers are influencing real estate, check out this great read!
Pending home sales had five months of consecutive increases, but dipped in June; however, the National Association of Realtors® claimed that was still the highest in more than nine years! Read more to gain understanding on pending home sales and home inventory.
Chairman and CEO of John L. Scott Inc., J. Lennox Scott said it was “the best July on record.” Home prices are starting to level out, which is great news for interested home buyers. However, with the home inventory still being low, the next couple of months are important for them.