WELCOME TO SUMMER! The housing market has rebounded after a challenging couple of months. While COVID-19 has changed many of the ways that properties are shown and sold, the demand for homes in all price points has skyrocketed in the last few weeks!
The underlying lack of inventory heading into the Coronavirus crisis was only intensified by the shelter in place orders. Simultaneously, mortgage interest rates have hit all-time historic lows (Currently between 2.875%-3% on 30 year fixed mortgages!)
Without a doubt, home sales volume will take a hit for the months of April and May, but are expected to end the year slightly up- provided that the economy stabilizes and infection rates continue to slow.
Obviously, this is a challenging time to consider selling a home. I am here to guide you and to offer experienced, insightful and honest advice. I always put my clients financial best interests first. If you have been wondering if this is a good time to sell (or purchase) a home, please don’t hesitate to call. Have a great June and stay safe!