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Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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Will the Housing Market Turn Around This Year?

Will the Housing Market Turn Around This Year? | Simplifying The Market

Today, many people are asking themselves if they should buy or sell a home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone seems to be wondering if the market is going to change and when the economy will turn around. If you’re trying to figure out what’s going to happen and how to play your cards this year, you’re not alone.

This spring in the 2020 NAR Flash Survey: Economic Pulse, the National Association of Realtors (NAR) has been tracking the behavior changes of homebuyers and sellers. In a reaction to their most recent survey, Lawrence Yun, Chief Economist at NAR, noted the beginnings of a turn in the market:

“After a pause, home sellers are gearing up to list their properties with the reopening of the economy…Plenty of buyers also appear ready to take advantage of record-low mortgage rates and the stability that comes with these locked-in monthly payments into future years.”

 

What does the survey indicate about sellers?

Sellers are positioning themselves to make moves this year. More than 3 in 4 potential sellers are preparing to sell their homes once stay-at-home orders are lifted and they feel more confident, which means more homes will start to be available for interested buyers.Will the Housing Market Turn Around This Year? | Simplifying The MarketJust this week, Zillow also reported an uptick in listings, which is great news for the health of the market:

“The number of new for-sale listings overall has shown improvement, up 5.9% last week from the previous week. New listings of the most-expensive homes…are now seeing the biggest resurgence, up 8%. The uptick is likely a sign sellers are feeling more confident because of improving buyer demand, as newly pending sales have also jumped up during the same period.”

What does the survey note about buyers?

The recent pandemic has clearly impacted buyer preferences, showing:

  • 5% of the respondents said buyers are shifting their focus from urban to suburban areas.
  • 1 in 8 Realtors report changes in desired home features, with home offices, bigger yards, and more space for their families becoming increasingly important.
  • Only 17% said buyers stopped looking due to concerns about their employment or loss of a job.

As we’ve mentioned before, buyer demand is strong right now, and many are simply waiting for more inventory to become available so they can make a move, especially as the country begins to reopen.

Bottom Line

If you’re thinking about putting your house on the market, let’s connect today. There’s a good chance an eager buyer is looking for a home just like yours.

GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
5967 Plantera Court Port Orange FL 32127
New Listing - 26 minutes on site
1 / 38
$415,000
3
BEDS
2
TOTAL BATHS
2,736
SQFT
5967 Plantera Court Port Orange, FL 32127
Single Family Residence For Sale
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Charming Pool Home with No HOA!This well-maintained 3-bedroom, 2-bath home checks all the boxes including a fully fenced backyard and a private pool! Major updates include a NEW ROOF(2022), AC system (2023), and updated electrical panel. The water he

Listing courtesy of Listing Reciprocal of Nonmember office
1335 Lambert Avenue Flagler Beach FL 32136
New Listing - 43 minutes on site
1 / 86
$1,250,000
4
BEDS
4
TOTAL BATHS
4,054
SQFT
1335 Lambert Avenue Flagler Beach, FL 32136
Single Family Residence For Sale
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Luxury Estate Living in Flagler Beach. Nearly 2 Acres of Tranquility! Welcome to an exquisite custom-built luxury estate nestled in an exclusive community of Flagler Beach. Situated on 1.74 private acres at the end of a quiet dead-end street, this re

Listing courtesy of Jack Corbett of Coldwell Banker Premier Properties
20 Twelve Oaks Trail Ormond Beach FL 32174
New Listing - 43 minutes on site
1 / 52
$1,950,000
5
BEDS
5
TOTAL BATHS
5,464
SQFT
20 Twelve Oaks Trail Ormond Beach, FL 32174
Single Family Residence For Sale
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Not just a home... Twelve Oaks Trail is a lifestyle! Tucked away at the end of a quiet CUL-DE-SAC in the desirable Trails community of Ormond Beach, this extraordinary CUSTOM WATERFRONT ESTATE sits on 1.31 ACRES surrounded by mature trees with a SCRE

Listing courtesy of Jennifer Wemert of Wemert Group Realty

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SEARCH ALL HOMES IN THE GREATER DAYTONA BEACH AREA HERE

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Related posts:

  1. New Homes Coming to the Housing Market This Year
  2. 4 Reasons This Spring Market Is Better Than Last Year
  3. Mid-Year Housing Market Update: Three Things to Know Today
  4. 3 Signs the Housing Market Is on the Rebound

Posted in: Blog, For Sellers, Housing Market Updates

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

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Today’s Real Estate Information

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James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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