STEPHEN SIMARD REALTOR
  • Home
  • About
    • Contact
    • Testimonials
    • Promo Videos
  • Home Search
    • Financing >
      • Free Home Inspection
  • Listings
    • Open Houses
    • Sold Homes
    • Listings Blog
  • Home Value
  • Resources
    • Real Estate Advice
    • Granby CT
    • East Granby CT
    • Simsbury CT
    • Avon CT
    • Canton CT
    • New Hartford
    • Barkhamsted
    • Bloomfield
    • Suffield
    • West Hartford
    • Western MA >
      • Westfield MA
      • Southwick MA >
        • New Listings
  • Join Real Broker LLC

Buyer Demand Surging As Spring Market Begins

4/18/2019

0 Comments

 
Picture
Last fall, some predicted that the 2019 residential real estate market would be a disaster. There was even belief we might experience a housing crash like the one that occurred during the last decade.

However, according to two separate reports*, buyer demand dramatically increased over the last three months, leading into this spring buyers’ market (the March data is not yet available).
​
Both the ShowingTime Showing Index and the National Association of REALTORS Buyer Traffic Index show that buyer demand has increased in each of the last three months
Picture
Why the increase in demand? Increased buying power.
According to the National Association of Realtors’ Economists’ Outlook Blog, purchasing a home has become more affordable, which has led to increased demand.

“Due to the combination of falling home prices and mortgage rates, the income needed to make an affordable mortgage payment (mortgage no more than 25% of income) on a median-priced home with 10% down payment and 30-year fixed rate mortgage decreased from $60,425 in June 2018 to $53,783 as of February 2019, and the difference of $6,642 represents a gain in buying power because one can afford a home purchase at a lower level of income.”

Bottom Line
It appears the spring buyers’ market is going to be much stronger than many had projected. Whether you are selling or buying, this is important news.

SOURCE KCM
#ForBuyers #ForSellers #SimardRealtyGroup #eXpRealty
0 Comments



Leave a Reply.

    Archives

    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    December 2015
    December 2013
    November 2013
    October 2013
    September 2013
    July 2013

    Categories

    All
    2014
    Best Real Estate Agent Granby
    Cma
    Farmington
    Farmington Valley
    Flat Fee Mls
    Forclosure
    For Sale By Owner
    Granby
    Home Buying
    Home Selling
    Home Sold
    How Much Is My Home Worth
    How Much Is My House Worth
    Listing Agent
    Market Anaylsis
    Property Value
    Short Sale
    Simsbury
    Stephen Simard
    Suffield
    West Hartford

    RSS Feed

The House Sold Name.​

Stephen Simard REALTOR

Phone: (860) 919-0991
Granby Office
16R East Granby Rd
Granby CT 06035
​——-
​
Broker address: Real Broker CT, LLC
​27 W. 24th St., Suite 407, New York, NY, 10010
​Lic in CT & MA

Contact Us

About  |  ​Testimonials  |  New Listings  |  Open Houses  |  Sold Home  |  Resources
Webdesign: PluginMuse
  • Home
  • About
    • Contact
    • Testimonials
    • Promo Videos
  • Home Search
    • Financing >
      • Free Home Inspection
  • Listings
    • Open Houses
    • Sold Homes
    • Listings Blog
  • Home Value
  • Resources
    • Real Estate Advice
    • Granby CT
    • East Granby CT
    • Simsbury CT
    • Avon CT
    • Canton CT
    • New Hartford
    • Barkhamsted
    • Bloomfield
    • Suffield
    • West Hartford
    • Western MA >
      • Westfield MA
      • Southwick MA >
        • New Listings
  • Join Real Broker LLC