The housing market has never been hotter. Prices are going through the roof– with no end in sight. Home values in the United States have increased by 17% to a median price of $329,000. Interest rates are still historically low, and many homes are going under contract as soon as they hit the market. Are you taking advantage of it?
People are selling their homes outright – without moving into another one. Others are “flipping” houses and, like it or not, flipping is here to stay. 2020 was the highest level of home flips since 2006 and a nearly two-percentage-point increase over the past three years. Are you taking advantage of it?
People are on the move – getting out of expensive states and relocating to more affordable ones like Texas and Florida. Nearly 700,000 people relocated out of California just last year. And almost 330,000 people moved to Florida from other states during the past year. if you’re a realtor, it can be a windfall. Are you taking advantage of it?
When mortgage rates rise appreciably – and it’s not “if,” it’s “when” -buyers are going to retreat and the red-hot market will go cold. Like a wise man once said– all good things must come to an end.
Many experts believe the housing bubble is about to burst. Even though economists aren’t worried – just like they weren’t worried when the bubble burst in 2008 – it may come when we least expect it. Despite major differences between now and the 2008 crash – the market can turn on a dime.
Look, we’re not telling you anything you don’t already know. This is just a friendly reminder – if you haven’t already expanded your contacts and network, now is the time to do it. It’s easy to make contact with the people of the state are moving to. An email list from the Realtor Email List and a simple, concise email with an offer is a good way to start.
Are you a realtor or agent? Don’t wait. Take advantage of the market before it goes cold. Start expanding your network now.