Current state of the housing market

By
Real Estate Agent with Micheal John

Being successful in the world of real estate is largely about knowing the trends and figuring out how to be ahead of them instead of chasing them according to real estate investor, Christopher Graeve. However, in unprecedented times like the ones we’re currently living in, it can seem almost impossible to determine what’s going on in the market, much less how to get in front of things.

For those who are looking to sell their home, the current economic landscape can certainly be intimidating. It’s easy to fall into that trap of thinking there’s no way to successfully sell a home right now, but that’s simply not the case. In fact, a lot of the current market information seems to indicate that the world of real estate is still on an upward trajectory.Bitcoin Trader

Prices Are Going Up, Not Down

While the fact that there is a global pandemic still going on has slowed down the increase of housing prices, the fact remains that prices are still going up. April of 2020 saw property prices only increase by 0.6%, but that number quickly jumped to 3% by May of 2020. That 3% mark is almost equal to what the price increase level was at before COVID-19 changed everyone’s life.

While it’s not expected that there will be any astronomical jumps beyond where we’re at right now, it does mean that there is still a market for properties, especially in destination states and cities. However, a lot of buyers are currently being squeezed out of the market due to uncertain economic futures.

That fact can be stressful for sellers, as the buyer pool may not be as deep as it was in 2019. Fortunately for sellers, they can get in contact with professional investors such as Christopher Graeve of Florida, who operates through his company, RE-build, to buy properties quickly for cash. Graeve and his company have continued to operate during the ongoing pandemic, meaning there is still a market for your home.

 Some Markets Are Recovering Faster Than Others

Ever since the first real estate agent brokered the first transaction, it has been known that the most important aspect of real estate is “location, location, location.” That was true then, and it is most certainly true today.

According to a nationwide study conducted by Realtor.com, the west and the northeast regions of the United States are leading the country in real estate recovery rates. The Midwest and the South are both on the path to recovery but do seem to be lagging behind. That information can be good news for buyers, but it can be stressful for those who live in those regions that are looking to sell their property.

Christopher Graeve in West Palm Beach Florida realizes that the state he has worked in and called home for all of his two-plus decades of investing is going to get back to the position it was in pre-pandemic. However, sellers from the Sunshine State who are looking to sell now may find themselves experiencing some anxiety based on the fact that the local marked hasn’t fully recovered to the fast-pace Florida generally boasts.Bitcoin Trader

That’s where companies like Graeve’s RE-build can be of service, as they have cemented their spot atop the world of real estate investing by offering full-cash deals for properties in Palm Beach County and throughout Florida.

Mortgage Rates are Low…For Now

Presently, mortgage rates are low. However, that fact isn’t as helpful as it could be if more people were in a steadier position to earn consistent income. Due to the pandemic’s impact on the American economy, many potential home buyers aren’t in a position to take advantage of these low interest rates. There has been speculation that by the time many of those currently unemployed potential customers are back to work, interest rates will have rebounded, greatly diminishing your chances of getting your home sold as soon as you would like to.

That’s where customers who are willing to pay cash for properties, such as RE-build and ChrisGraeve, can provide an advantage for parties on both sides of the transaction. Not only do these buyers have the cash to help you sell your property now, they are also able to use that cash to completely circumvent the mortgage process.

Real estate is a cyclical concept, and there are always times of plenty and times of lack. While the men and women who are currently at the forefront of the real estate market in our nation have never worked through something like the ongoing pandemic, there are still professional investors who can help ensure that your home sells as quickly as you would like to.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Tags:
housing market

Spam prevention
Show All Comments
Rainmaker
3,573,177
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Monday and you sure are right, housing prices are going up for sure in the Denver, Colorado market.

 

Aug 03, 2020 08:49 AM #1
Rainmaker
717,388
Sara Wagner
The Woodland Companies - Adams, WI
Stevens Point Rentals

Thanks for sharing the information on this community, I hope you sell many of these homes. 

Sara

Aug 18, 2020 09:25 PM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?