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.
I was born in Pittsburgh, PA and was thankfully transplanted to SC at a young age. I grew up in Greenville, SC. I attended USC, majored in Marketing and have enjoyed 20+ years in hi-tech computer industry. I have had experience with several Fortune 500 companies, including 12 years with NCR Corporation where I held various sales, marketing and product management positions. I have lived on the lake in Chapin the past 20 years with my wife Cindy (a native of Ballentine) and our 4 wonderful children: Jennifer, Michelle, Brittany and Will. We have found Chapin to be the absolute greatest place to raise children and often you will find us at our children’s ball games, be it: softball, baseball, tennis or any type of water sports recreatio n on the lake. My wife has a health specialty business, called My Favorite Things, where we strive to promote a healthy lifestyle.
My years of experience in the corporate world has given me the professionalism and knowledge to effectively manage any real estate transaction from listing, selling, or finding the perfect house or lot of your dreams. I also work in the commercial area of real estate. I have been in the Real Estate industry for over 8 years. I have also had several rental properties and familiar with residential investment properies.