Hi Bruce, Your Bruce Webb Team News for Thursday, April 25, 2019
Is this email not displaying correctly?
View it in your browser .
Bruce Webb
The Bruce Webb Team
(734) 392-6021
bruce@brucewebb.com
Coldwell Banker Preferred, REALTORS®
44644 Ann Arbor Road, Suite A
Plymouth, MI 48170
Friend Me on Facebook Follow Me on Twitter Connect with me on LinkedIn
My Website
Featured Listings
Buyer Resources
Seller Resources
Senior Resources
New Construction
Share Save

Buyer Demand Surging as Spring Market Begins

 

 

 

Buyer Demand Surging as Spring Market Begins | MyKCMHowever, according to two separate reports*, buyer demand dramatically increased over the last three months, leading into this spring buyers’ market (the March data is not yet available).

Both the ShowingTime Showing Index and the National Association of REALTORS Buyer Traffic Index show that buyer demand has increased in each of the last three months.

Buyer Demand Surging as Spring Market Begins | MyKCM

Why the increase in demand? Increased buying power.

According to the National Association of Realtors’ Economists’ Outlook Blog, purchasing a home has become more affordable, which has led to increased demand.

“Due to the combination of falling home prices and mortgage rates, the income needed to make an affordable mortgage payment (mortgage no more than 25% of income) on a median-priced home with 10% down payment and 30-year fixed rate mortgage decreased from $60,425 in June 2018 to $53,783 as of February 2019, and the difference of $6,642 represents a gain in buying power because one can afford a home purchase at a lower level of income.”

Bottom Line

It appears the spring buyers’ market is going to be much stronger than many had projected. Whether you are selling or buying, this is important news.

 
Share Save

Your Comments

Saved Articles
Comments and Feedback
Refer A Friend
Your Privacy
The information provided in this email newsletter is for general guidance only, and does not constitute the provision of legal advice, tax and accounting advice, real estate investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional real estate, tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Home value estimate calculators provided herein are general estimations based on publicly available data and should not be used as a substitute for a professional appraisal. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
Powered by
Copyright © HomeActions, LLC All rights reserved.

This email was sent to: bruce@brucewebb.com

Mailing address: Coldwell Banker Preferred, REALTORS®, 44644 Ann Arbor Road, Suite A, Plymouth, MI 48170