Hope you are enjoying the beginning of summer. Normally this time of year the market slows down to a halt, however not this year! For the last 15 years of working in this biz, springtime is our busiest time of year. The market builds up around February and we work all day every day until about mid June. Then summertime happens and everyone is away.
This year is extremely different. With hardly any product on the market, many buyers haven’t bought. A lot of homeowners aren’t selling because there is nowhere for them to go. The market is getting jammed into a corner. I’m getting more calls now from buyers than ever before.
With a lot of foreign in investors on the scene and interest rates lowering once more, I predict this market is going to continue like this for at least the next 2-3 years before it starts to balance out again.