If You Think the Housing Market Will Slow This Winter, Think Again.

What does this mean for the winter housing market?

The housing market was stormy in the fall, but it looks like winter might be even busier. Buyers are active and competing for homes with intense momentum coming out of this year’s seasonal bottom--right on schedule! With so many signs pointing to an upcoming pickup here come 2020's hottest properties before you know it...

It has been busy for fall buyers, sellers and mortgage lenders. The housing market is booming! With low interest rates that have been great to take advantage of this past season as well as many more homebuyers than ever before fighting over each available property there has never been more motivation in America today with people making moves on homes right now which will only help establish higher demand come wintertime too

Lawerence Yun, Chief Economist, National Association of Realtors

"This solid buying is a testament to demand still being relatively high, as it is occurring during a time when inventory is still markedly low. The notable gain in October assures that total existing-home sales in 2021 will exceed 6 million, which will shape up to be the best performance in 15 years.”

Odeta Kushi, Deputy Chief Economist, First American

“So far in November, purchase applications point to another strong month in sales. Still low rates and demographic demand support this strength, even as affordability and inventory headwinds remain.”

Mark Fleming, Chief Economist, First American

“The demand for housing in the United States has reached a fever pitch, a trend that opposes the norm of this time of the year when the market cools as the winter months set in.”

Bottom Line

The housing market is heating up, but there's still time to buy. Whether you're looking for a house or just want the latest information on what’s going down in this crazy world of real estate we live and work-- connect with me today!

Lamont "Ben" Orr - The Orr Team eXp Realty 720-425-3365

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