How Buyers Are Going Big In The Real Estate Market
The current market has expressed that buyers have continuously dominated. David Childers from Keeping Current Matters recently shared, “We need more inventory. Buyers are in full force. But overall, it looks like a very, very good real estate market coming up in 2022.” The housing inventory of December 2020 compared to December 2021 is significantly less, with the East Coast showing drastic lows. More proof leading up to the latest buying trend is the November 2020 and November 2021 statistics comparisons, confirming a notable increase in property showings while signifying a surge in buyer intrigue.
Both 2020 and 2021 have displayed a solid rise in property showings, spotlighting an astonishing increase in buyer interest compared to post-pandemic years. Additionally, 2019 and 2020 demonstrated high amounts of home sales with May 2020 as the most successful month among the last three years. Top mortgage lenders have projected a moderate start for mortgage rates with progressive escalation throughout 2022. As of now, the demand for property is evident as buyers are dictating the market. Despite a lack of properties, the market is looking up. With inventory the lowest to date, a persistent buyer demand, and interest rates presently moderate, the summer market is beaming with success.