Today, many people are asking themselves if they should buy or sell a home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone seems to be wondering if the market is going to change and when theeconomywill turn around. If you’re trying to figure out what’s going to happen and how to play your cards this year, you’re not alone.
This spring in the2020 NAR Flash Survey: Economic Pulse, theNational Association of Realtors(NAR) has been tracking the behavior changes of homebuyers and sellers. In a reaction to their most recent survey, Lawrence Yun,Chief Economistat NAR, noted the beginnings of a turn in the market:
“After a pause, home sellers are gearing up to list their properties with the reopening of the economy…Plenty of buyers also appear ready to take advantage of record-low mortgage rates and the stability that comes with these locked-in monthly payments into future years.”
The survey indicates that sellers are poised to list their homes on the market when the restrictions have been lifted. It also indicated that buyers preferences have been impacted. Buyers have shifted their preferences from urban settings to the suburbs. Buyers also are more focused on home offices, bigger yards, and more square footage. If you are considering selling your home please give me a call. There is likely a buyer match just waiting for more inventory.
Maria Kitchens is a Real Estate Professional who has lived in Chapin, SC, for the past nine years with her husband and four children. A Columbia native, she graduated from USC’s School of Business Administration with a major in Accounting and worked in banking for nearly 11 years. She has held positions as an accountant, internal auditor, and financial analyst while navigating through four bank mergers. Full-time motherhood became her calling after the arrival of her second child and her husband’s increased work commitments and career flying for the military (SCARNG). Maria became a classroom teacher’s assistant, active PTO member, homeroom mother, team parent, and Girl Scout troop leader at h er children’s schools. As a military spouse, she was a ‘single-parent’ for over a year when her husband deployed to Iraq. After several wonderful years as a full-time mom, she now enjoys her passion working in real estate with Exit Midlands Realty.
As a life-long resident, Maria knows the Columbia and Chapin real estate markets very well. Her knowledge, along with her demonstrated competence and proficiency, has prepared Maria to be a dynamic Real Estate Professional.