U.S. Homeownership Rate Rises to Highest Point in 8 Years!!

According to ShowingTime, US Homeownership rate has risen to it’s highest point in 8 years! Here are three reasons for this uptick in activity:

1. Some people need to move. Whether because of a death in the family, a new birth, divorce, financial hardship, or a job transfer, some families need to make a move as quickly as possible.

2. Real estate agents across the country have become very innovative, utilizing technology that allows purchasers to virtually; 

-View homes
-Meet with mortgage professionals                             
-Consult with their agent throughout the process

All of this can happen within the required safety protocols, so real estate professionals are continuing to help families make important moves.

3. Buyers understand that mortgage rates are a key component when determining their monthly mortgage payments. Mortgage interest rates are very close to all-time lows and afford today’s purchaser the opportunity to save tens of thousands of dollars over the lifetime of the loan.

Buyers today are serious, and with prices holding steady in this low-inventory market, you can feel confident about selling today. 

Embracing the process virtually!

If you need to sell right now, don’t wait for the competition to get back into the market.