Currently Reading

Is Summer the New Homebuying Season?

Advertisement

Is Summer the New Homebuying Season?


May 26, 2020
Couple on the beach in summer
By Mediteraneo

Move over spring. There’s a new homebuying season in town, and it’s just starting to ramp up. After months of waiting out the stay-at-home orders, buyers are back and cautiously wading out into the real estate waters, according to HousingWire. Before the pandemic, mortgage applications were up, and people were itching to lock a property down. Real estate experts say families still want to move in before school starts—in person or otherwise. They expect the second half of 2020 to be robust in the warmer months as more states move to reopen and the economy starts its comeback. 

Spring has historically been dubbed “home-buying season,” but as the last few months have been shut down due to the COVID-19 pandemic, is summer the next best thing?

The beginning of 2020 saw the strongest time for mortgage purchase applications, and around late February into early March, homebuyers were getting antsy to purchase. It seemed like spring home-buying season was starting early.

Fast forward to the second half of March, and open houses got canceled with Realtors left unemployed because of the pandemic.

Many agents now think that the new home-buying season, for this year at least, is the summer. States are slowly opening up and restrictions on real estate practices have eased.

Read More
 

Related Stories

Sales

This Flat-Fee Brokerage Wants to Disrupt Denver’s Real Estate Market

Utah-based real estate brokerage, Homie, promises to have your back as a homie should. The company calls itself “disruptive” and wants to use…

Sales + Marketing Trends

Measuring Buyer Demand From Showing Appointments

Measuring buyer demand in a different way, the ShowingTime Showing Index compares the number of appointments made for virtual or in-person …

Design

What Features Prospective Buyers Focus on During Showings

What do homebuyers look at first when touring a prospective home? With the help of some eye-tracking spyglasses, there are actual hard facts that…

Advertisement

More in Category




Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.