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re: Potential home buyers in the future market.

Posted on 5/20/20 at 3:56 pm to
Posted by East Coast Band
Member since Nov 2010
63025 posts
Posted on 5/20/20 at 3:56 pm to
A lot goes in to the home buying market. Way more than just unemployment rates.

Pros for the housing market prices now:

Interest rates are super low

Less newer home construction, keeping inventory of available homes higher.

Fewer people may be willing to move out which also keeping inventory low

Posted by LSU_postman
Baton Rouge
Member since Jun 2005
2802 posts
Posted on 5/20/20 at 4:20 pm to
Listed our house 2 weeks ago. Sold in 24hr. First couple that walked through the door threw asking price at us.

They were pre-approved and the offer was not contingent. However, having an issue finding something that we want to move into.

in my area, it is def a seller's market.
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