If you need assistance, please call 818-248-8668

If You Think the Housing Market Will Slow This Winter, Think Again.

Monday, December 13, 2021   /   by Vic Markarian

If You Think the Housing Market Will Slow This Winter, Think Again.


Daily Blogs 5 (3).jpg




From the opportunity to take advantage of today’s low mortgage rates to changing homeowner needs, Americans have more motivation than ever to buy a home. According to the experts, buyers are making moves right now, creating an unseasonably strong housing market for this time of year.


As we wrap up the fall season and move into the winter months, here’s a look at what several industry leaders have to say about the continued momentum in the current market, and what it means as we head into the early part of next year.


Lawrence Yun, Chief EconomistNational Association of Realtors (NAR)


“This solid buying is a testament to demand still being relatively high, as it is occurring during a time when inventory is still markedly low. The notable gain in October assures that total existing-home sales in 2021 will exceed 6 million, which will shape up to be the best performance in 15 years.” 


Odeta Kushi, Deputy Chief Economist, First American


“So far in November, purchase applications point to another strong month in sales. Still low rates and demographic demand support this strength, even as affordability and inventory headwinds remain.”


The M Report


“The demand for housing in the United States has reached a fever pitch, a trend that opposes the norm of this time of the year when the market cools as the winter months set in.”


Mark Fleming, Chief Economist, First American


Strong demographic demand will continue to act as the wind in the housing market’s sails.”


What does this mean for the winter housing market?


Buyers are actively in the market, and they’re competing for homes to purchase. With the momentum coming out of this fall, all signs point to the winter housing market picking up steam, making it much busier than in a more typical year. And as we’ve seen in so many ways, 2020 and 2021 were anything but typical in real estate. It looks like 2022 may be joining that list before we know it.


Bottom Line


If you think the housing market will slow down this winter, think again. Whether you’re thinking of buying a home, selling your house, or both – let’s connect to determine if this winter is your best time to make a move too.






Call Vic Markarian at 818-248-8668 today, for your home buying and selling needs.

Website
https://www.vicmarkarian.com?
https://www.markarianrealty.com?
https://www.seeglendalehomes.com?
Subscribe to our YouTube Channel for real estate insights, updates, and news!
http://bit.ly/MarkarianRealtyChannel
Social Media Accounts: 
Twitter
https://twitter.com/VartanMarkari?
Instagram
https://www.instagram.com/vicmarkarian
Facebook
https://www.facebook.com/MarkarianRealty? 
LinkedIn
https://www.linkedin.com/company/vic-markarian-realty-group-your-home-sold-guaranteed-or-we-ll-buy-it/about/






Source: Keeping Current Matters 
 

 
 

  vic markarian realty team, real estate tips, home buyer, home seller, markarian realty team, home buying process, mortgage, home prices, vic markarian realty, markarian realty, home buying, selling homes

Markarian Realty Group
3237 N. Verdugo Rd.
Glendale,, CA 91208
818-248-8668
DRE# CalBRE# 01059771

Based on information from California Regional Multiple Listing Service, Inc. as of January 20, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
This site powered by CINC: www.cincpro.com