Holiday Gifts Are Not The Only Hot Things Right Now

Dated: December 12 2019

Views: 57

Holiday Gifts Are Not the Only Hot Things Right Now | MyKCM

Black Friday is behind us and holiday gifts are flying off the shelves in stores and online. Unlike last year, however, there’s another type of buyer that is very active this winter – the homebuyer.

Each month, ShowingTime releases their Showing Index, which tracks the average number of appointments received on active U.S. house listings. The latest index revealed:

“Traffic was more active once again compared to 2018, as the nation saw its third straight month of higher year-over-year showing activity…The 5.5% increase in showings nationwide was the largest jump in activity during the now three-month streak of year-over-year increases vs. 2018.”

The same report indicates showings increased in every region of the country:

  • The South increased by 10.8%

  • The West increased by 8.6%

  • The Northeast increased by 3.8%

  • The Midwest increased by 1.5%

Why is the traffic more active?

One of the main reasons buyer traffic has increased year-over-year is that mortgage rates have fallen dramatically. According to Freddie Mac, the average mortgage rate last December was 4.64%. Today, the rate is almost a full percentage point lower!

Bottom Line

There are first-time, move-up, and move-down buyers actively looking for the home of their dreams this winter. If you’re thinking of selling your house in 2020, you don’t need to wait until the spring to do it. Your potential buyer may be searching for a home in your neighborhood right now.

#relocation #boise #boiseidaho #boisehomes #firsttimehomebuyers #homeownership #buildingwealth#blakeonboise#alisonblakegroup#RealEstateDoneRight#Listingspecialist#Firsttimehomebuyerspecialist#Relocationspecialist#NewConstructionspecialist#Investmentspecialist#Alwaysworkingformyclients

Latest Blog Posts

Pop Quiz Can You Define These Key Terms In Todays Housing Market INFOGRAPHIC

Pop Quiz: Can You Define These Key Terms in Today’s Housing Market? [INFOGRAPHIC]Some Highlights The language of buying and selling a home may sound scary at first, but knowing how key terms

Read More

Why This Isnt Your Typical Summer Housing Market

Why This Isn’t Your Typical Summer Housing MarketIn real estate, it’s normal to see ebbs and flows in the market. Typically, the summer months are slower-paced than the traditionally busy.

Read More

4 Major Incentives To Sell This Summer

4 Major Incentives To Sell This SummerWhile the housing market forecast for the second half of the year remains positive, there may not be a better time to sell than right now. Here are

Read More

Housing Supply Is Rising What Does That Mean For You

Housing Supply Is Rising. What Does That Mean for You?An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are

Read More