As the country and our state continue to face many uncertainties, we want you to know we are here for you and still open for business!
Facing the unknown is certainly tough and thinking about business may not be at the top of your list. However, as we work through a distressing event such as the one we are all facing, investing in real estate may still be meaningful.
New studies show that an increasing number of homebuyer's are still shopping, but doing so online. Closed sales in February/2020 were up 18% from same time last year and the average sale price increased 6.5%.
The long-term value of owning realestate, even through some tough, if not, darn-right bad times, is still up 7% on a cumulative basis. That is certainly an encouraging sign for the realestate market! Coupled with the historic 30-year mortgage rate dropping from 3.65% to 3.5% during this week in March, could make this the perfect opportunity for home buyers and sellers to jump in!
