Today, many people are asking themselves if they should buy or sell a home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone seems to be wondering if the market is going to change and when theeconomywill turn around. If you’re trying to figure out what’s going to happen and how to play your cards this year, you’re not alone.
This spring in the2020 NAR Flash Survey: Economic Pulse, theNational Association of Realtors(NAR) has been tracking the behavior changes of homebuyers and sellers. In a reaction to their most recent survey, Lawrence Yun,Chief Economistat NAR, noted the beginnings of a turn in the market:
“After a pause, home sellers are gearing up to list their properties with the reopening of the economy…Plenty of buyers also appear ready to take advantage of record-low mortgage rates and the stability that comes with these locked-in monthly payments into future years.”
The survey indicates that sellers are poised to list their homes on the market when the restrictions have been lifted. It also indicated that buyers preferences have been impacted. Buyers have shifted their preferences from urban settings to the suburbs. Buyers also are more focused on home offices, bigger yards, and more square footage. If you are considering selling your home please give me a call. There is likely a buyer match just waiting for more inventory.
Chapin, SC is known as "The Capital of Lake Murray" and with good reason. The residents of Chapin enjoy a relaxed lifestyle with the convenience of the city. Columbia, SC is just a quick 20 minute drive and shopping is even closer.You are embarking on an exciting journey, be sure that you find agents that will take time and share your enthusiasm during this process.
EXIT Midlands Realty is a full service real estate firm dedicated to assisting our clients with the purchase and sale of real estate in the Greater Columbia Area. We were founded in 2005 and quickly grew into one of the most innovative and knowledgeable firms in and around Columbia. Our staff is made up of full time professional agents that are dedicated to the profession of listing and selling real estate.
Call one of our experienced agents to assist you with your real estate needs. It would be an honor to work with you.
120 Pacific Avenue$192,400 Single Family 3 Beds, 2 Baths, 1
"Throughout the course of this cross country move, I was confident that I could trust Sarah to help me bring my dream to fruition. Had a few moments of exhaustion, but Sarah was right there encouraging me that everything was going to turn out well...and it did! Thank you Sarah, I love the view"