Selling Your House Guide - Fall 2020

Freddie Mac : “This year has been anything but normal and as the uncertainty lingers, mortgage rates remain near record lows…These rates continue to incentivize potential buyers and the home buying season, which shifted from spring to summer, will likely continue into the fall.” Mike Fratantoni, Chief Economist, Mortgage Bankers Association (MBA): “Lack of inventory is going to continue to be a hurdle by limiting some prospective buyers' choices and weakening their purchasing power…If supply meaningfully picks up in the months ahead, the demand will be there for more sales." Robert Dietz , Chief Economist and Senior VP for Economics and Housing Policy, National Association of Home Builders (NAHB): “The gains for new home sales are consistent with the NAHB/Wells Fargo HMI, which returned to pre-recession highs and demonstrates that housing will be a leading sector in an emerging economic recovery.” Bottom Line The experts are optimistic about the rest of 2020. If you paused your real estate plans earlier this year, let’s connect today to determine how you can re-engage in the process.


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