FEB 2020 MARKET UPDATE

?BREAKING AWAY FROM THE USUAL MARKET UPDATE! ?

We wanted to address #COVID19, #OilandGas and the #Stockmarket, historically low #interestrates and how they are impacting the real estate market sooner than later. ??
Bottom Line ⚠️
? The 3 market disruptors above are causing many sellers who would normally list this time of year to delay or altogether withdraw their home from the market due to uncertainty with their jobs or concern that right now might not be the best time to sell.
? This could prolong the low inventory we typically see from Dec-Feb for another 5-6 weeks. Low inventory for sellers means less competition on the market… great time to have your home listed.
? Due to the current interest rates buyers are able to afford more house than they used to. This has brought a surplus of buyers to market much earlier this year. If you are looking to buy… Get your pre-approval first, then start your search.

Let us know how we can assist you, not only with your home buying and selling needs, but any needs at all that may arise! ?
?281-785-1456 ?