February Market Update

Welcome to our real estate blog! We are here to provide you with the latest trends and updates in the world of real estate. Whether you’re a first-time homebuyer, a seasoned investor, or just curious about the market, we have something for you.

A large portion of buyers have came back into the real estate market recently, with a major increase in buyer incentives. In fact, Q4 reported a 42% seller concession contribution to home sales. This has opened the gate for many first time home buyers, to conquer the initial steps to home ownership. From buying down the interest rate, to seller repairs, and even just covering closing costs, we have seen it all.

Another trend that has been observed recently is a rising number of people who are looking for rental properties. This could be due to a number of factors such as job uncertainty, lack of savings for down payment, and difficulty getting mortgage loans for some. Many markets have seen in an increase in rent as high as 10% since the COVID-19 Pandemic. Why pay someone else’s mortgage, while you can pay your own!

A trend that continues from previous years is the increase in e-commerce and online real estate services. Many real estate companies are now using virtual tours and online tools to connect with clients and streamline the buying and selling process. Overall, real estate is a changing industry constantly. With many laws and regulations evolving over a short time, its hard to always stay up to date. This is why you can trust me, to provide you with the hot topic updates of the industry. Subscribe to my email list to receive more in depth market updates!