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Recently, Freddie Mac said, “Despite the challenges facing the housing market, we expect this to be the best year for housing in a decade. Home sales, housing starts, and house prices will reach their highest level since 2006 . . . Challenges remain, however, with housing supply and declining affordability being a key concern in many markets, but on balance, the housing markets in the U.S. are poised for the best year since 2006.”
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You can see this in the numbers. Home sales are up year over year. The thing that’s probably most exciting right now is the foot traffic report. Foot traffic is a tabulation of how many people are out there right now walking through houses and considering whether or not they are going to purchase.
Buyer demand is incredibly high.
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This year, the February foot traffic numbers skyrocketed past January and December. In fact, buyer demand was 37% higher this February than it was in February of 2016.
That should not surprise anyone. A recent survey shows that Americans see owning a home as a place to raise a family, an investment, and reaching a life milestone.
If you have any questions, give me a call or send me an email. I would be happy to help you!
