What Buyer Activity Tells Us About the Housing Market
Homebuyers are once again on the rise, and despite a slower market than last year, there is still plenty of activity in the housing sector.
With a 62% increase over December’s numbers, January was an exceptional month for showings. This jump marked one of the biggest on record since May last year and can be attributed largely to low mortgage rates. The graph indicates that early-year activity is typical; however, this surge in production has been higher than average compared with previous years’ data.
January’s surprising surge in showings provided a much-needed boost to the market after last year’s slowdown. With mortgage rates playing an integral role, buyers have regained their confidence and are preparing for the spring selling season with eagerness. This could be indicative of a very active housing sector as we move through 2021!
It looks like potential buyers are actively responding to low mortgage rates. This emphasizes the importance of consistent monitoring for lenders and other stakeholders – when favorable financing is available it’s essential to take advantage quickly as eager consumers pounce on these opportunities.
January has proven to be an exciting month for buyers and sellers alike, with a surge in house showing activity! If you’re ready to start your next chapter but haven’t put your home on the market yet – don’t wait any longer. Get in touch with Diane now and get one step closer to finding that perfect buyer who loves it as much as you do!
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Diane Casey Luong Realtor 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. Diane Casey Luong will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
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About Diane Casey Luong
As an award-winning, full-time Realtor®, Diane is a proven leader among Worcester MA real estate agents, fully committed to you and your property goals.
As a requested speaker, Diane educates audiences on topics such as the purchasing foreclosure properties, nuances of the real estate market from neighborhood to neighborhood, and understanding the ever-changing trends in the real estate industry.
A graduate of the Massachusetts Academy of Real Estate, Diane has brought her expertise in real estate to Worcester, MA, and its surrounding towns.
Diane Casey Luong
REMAX Advantage 1
25 Union Street
Worcester, MA 01608