Spring is typically the season when the housing market heats up. And, while it’s still more than a month away, prospective buyers hoping to start their home search in the coming weeks should be prepared. The winter market hasn’t ever really cooled down. However, it’s a good sign that it’ll be a fast-moving and competitive spring housing market.
Housing Market Still Competitive
According to one recent analysis, home buyer demand was 60 percent higher than it was last year in January. Additionally, the number of homes for sale was down 36 percent and the number of new listings fell 13 percent. In other words, there are still a lot of home buyers and a lower-than-normal number of homes for sale. Expectations are that, as the season wears on and the coronavirus-vaccine rollout continues, more homes will become available for sale, which will help balance the market. But, at least for the first half of the year, buyers should be prepared to compete for the homes that are available. Experts predict that the spring housing market will continue to be competitive. That means, having your finances and financing in order and being prepared to act quickly when you find a home that meets your needs. Click on the following link for more information.
Here at A1 Mortgage, we know how important it is to choose the right house for you and your companion. We have the responsibility to provide you with the best products and the highest level of customer service possible. With hundreds of loan programs available, we tailor a loan specific to your mortgage needs. So come get pre-approved and start shopping for your dream home by clicking here!