Buyers Are Ready To Buy!!

Home buyers seem to be taking "the glass is half full" approach to the pandemic and using it as an opportunity rather than a challenge. Lenders are seeing the number of mortgage applications on a steady increase and it there's no slow down in sight. 

The Mortgage Bankers Association (MBA) reports that applications for home purchases rose 9% last week compared to the week before making this the sixth consecutive weekly gain and a 54% increase since the beginning of April.

2020 began with a strong demand for housing and low numbers of available inventory. Though there was initially a dip in the market as the COVID-19 crisis set in, it has quickly rebounded and home prices are continuing to hold strong. With record low mortgage rates, buyers are finding this to be an excellent time to find their dream home!

If you're in the market to buy or sell a home, give us call, we LOVE homework!!