We are conducting business, just not business as usual
Even before concerns of the corona virus hit the market, mortgage rates were down compared to a year ago, creating a more advantageous position for buyers. In the face of COVID-19, the greatest challenge facing the market is still the lack in inventory. Before the virus, the market was already competitive, but with more sellers deciding when to list given the circumstances, the gap is widening. However, as of right now, we are still seeing plenty of market activity.
Here's what we're seeing:
- Mortgage Rates Are Near All-Time Lows
- Listing inventory is rising but still low
Considering listing? There are still active buyers (let's talk)