Reports show that despite the rise in mortgage rates, home buyers seem to be more active this year. The ShowingTime Showing Index data revealed a promising trend during the first two months of the year, indicating an increase in buyer demand. Even in February, when colder temperatures would usually curb activity, buyer traffic surged because of the limited number of homes available for sale. Comparing February’s foot traffic with the past six years’ activity confirms that this year was one of the best Februarys for home buyer activity. The data suggests that more homebuyers were on the lookout for their dream abode, even with the upsurge in mortgage rates. This increased buyer activity may indicate that the housing market is still going strong this year, with home buyers eagerly searching for suitable homes. For sellers looking to put their homes up for sale, this report provides some good news as real estate professionals can aid in listing and bringing your home to the attention of potential buyers.
