People ask me what the market is like or how I think the market is doing. Well what the market is telling me and many of my colleagues is that homebuyer demand is strong, and so is the refinance market for existing homebuyers.
Interest rates are low right now and they look like they may be dropping even further. This combined with the fact that people have spent 3-4 months in their homes almost without interruption means that if anyone found that their current arrangement wasn’t suitable for them anymore, they are probably calling lenders and headed out the door when they can to see other properties.
Homes with outdoor areas, extra bedrooms, buildings with rooftops and balconies, houses with yards or porches – these are being looked at