Record % of Buyers planning to move in 2025 and Rates are falling!
My girls & I at the Orchid Festival at Lewis Ginter Botanical Gardens last weekend here in Richmond!
If selling your house is on the radar, but you're wondering about the market - this might be the perfect time - here’s why. A recent NerdWallet survey found that 15% of people are planning to buy a home this year. That is in all demographics AND the highest percentage this survey has ever recorded!
For context, buyer demand has been holding steady between 9-11% since 2020. This jump is a big deal because it shows that demand hasn’t disappeared! If anything, it’s been building up and is now ready to hit the market. See below for comparison.
And as mortgage rates dip to lowest level of 2025, hopes are lifting for this spring's home-buying season in Richmond!
"Rates fell for the fourth week in a row, offering a glimmer of hope for home buyers as the U.S. housing market approaches the busiest period of the year. The 30-year fixed-rate mortgage rate fell 2 basis points to an average of 6.87%, which is the lowest level since Dec. 26, 2024, according to data from Freddie Mac last Thursday." Check out the article from Market Watch here!
I am here to help you with all of this and more! You Are Important to Me!
I want to make sure you know how much I value you as a client. My primary source of new business is referrals from people who already know and respect me, and I want to build my business by working with great people like you. My goal is that you will be so impressed that you can’t wait to tell your friends and family about me and the fantastic service you received!
I am always looking out for you and keeping you informed! Please don't hesitate to reach out if you have any questions about where things are going in your neighborhood. If you want to take advantage of this unique market, let's have a conversation about your real estate goals. And the best compliment I could ever receive is for you to send another wonderful client my way. I am always here for you and the people you care about!
