The survey shows an eight-point jump from last year in those who believe summer is the best time to buy a home in Boston. It seems confidence is still booming as 77 percent of consumers surveyed reported a favorable view of housing— a percentage now up 12 points from last year. Surprisingly, the group with the most optimism about the local real estate market is Millennial homebuyers.
The survey also found what points to a busy summer season ahead for both Boston homebuyers and home sellers. "Nearly 70 percent of those surveyed say they are committed to buying or selling a home now, a six point increase compared to [the same survey] at the end of last year," reported Realtor.com.
The confidence on both sides of the Boston real estate transaction stems from buyers and sellers understanding that home values are promising right now and mortgage rates will not stay this low for much longer. With the harsh winter we had, however, neither side was able to make much of a move. Boston homebuyers and sellers sprung into action this spring and as we push into summer, many more will follow suit.
"The optimism and enthusiasm we're seeing through the survey underscores consumers' motivations and pent-up demand," said one leader of the survey. "As more homes come to market and lenders ease their stringent underwriting guidelines, we anticipate busy times ahead in real estate."
So, take that as a sign, Boston buyers and sellers! If you're among the almost 70 percent of survey participants who are committed to buying or selling this summer, you may not want to delay! There are busy times ahead and I'm happy to help you make your next move. Contact me today to see which homes are available for you and how you can go about making the most of your Boston home sale this summer.
Ken Snyder
Keller Williams Realty Boston-Metro
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