With all of the volatility in the stock market and uncertainty about the Coronavirus (COVID-19), some are concerned we may be headed for another housing crash like the one we experienced from 2006-2008. The feeling is understandable. Ali Wolf, Director of Economic Research at the real estate consulting firm Meyers Research, addressed this point in a recent interview:
52% of home buyers found the home they purchased online, according to the 2019 National Association of REALTORS® Profile of Home Buyers and Sellers. That means that over half of the home buying population looked through thousands of photos and home profiles to find the house they wanted.
So how do they find your home amongst the many others for sale? At the forefront of modern marketing with their Photo Concierge Service, DRF Team is here to support you.
The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident there are two big stories impacting this year’s residential real estate market:
Even though there’s a big buyer demand for homes in today’s low inventory market, it doesn’t mean you should price your home as high as the sky when you’re ready to sell. Here’s why making sure you price it right is key to driving the best price for the sale.