We are off to a great start to the year, with strong buyer activity.
This is a pretty direct response to the decline in mortgage rates that we’ve been seeing lately, with the lowest rates we’ve seen for some time.
Very early in the year, it was reported that mortgage applications had spiked by 23.5% across the nation!
This is, of course, a very welcome trend and is continuing to energize the early year market.
For buyers, the message is crystal clear. Don’t wait, as there can be no guarantees how long rates will be as low as they are right now.
Acting now eliminates the guesswork and it seems a lot of buyers are grabbing this opportunity with both hands.
Sellers who may have been planning to list in the spring, or possibly even later than that, need to seriously consider early market entry, while the feel good factor of lower rates positively informs buyer sentiment.
Why not contact us at the Hyland/Schneider team at 928-445-2100 to discuss how best to take advantage of the situation.