Since the pandemic broke out, people are making moves! People want space -more social distancing type of living environments. Men and Women are working from home more than ever! The housing market continues to STAY STRONG while America is figuring out ways to live within the continued COVID19 pandemic.
With elections coming up this fall, some Buyers and Sellers are treading lightly and waiting to see how things pan out. Most people don’t acknowledge or put together the timing of election and it being in 4th quarter. Those who know -they get it.
Fourth quarter seasonally declines every year. With sales then resuming in January - May of quarter 1. Also just in time for the PRESIDENTIAL INAUGURATION in 2021.
If you are one of those people who are waiting for a sign to #INVESTINREALESATE // look no further! There will always be time to respond to a CHANGE IN THE MARKET — and things will shift, thats how real estate goes! But for now, its #lowinterest rates, high BUYER DEMAND && not enough SUPPLY to meet that request.
*FRIENDLY REMINDER // The United States housing bubble was a real estate bubble affecting over half of the U.S. states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012. On December 30, 2008, the Case–Shiller home price index reported its largest price drop in its history.