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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
800 Sterling Chase Drive Port Orange FL 32128
New Listing - 36 minutes on site
1 / 47
$625,000
4
BEDS
3
TOTAL BATHS
2,724
SQFT
800 Sterling Chase Drive Port Orange, FL 32128
Single Family Residence For Sale
- Active

Enter into this Executive Style Pool Home in the prestigious community of Sterling Chase, 4 Bedrooms and 3 Baths. Luxury surrounds you as you enter into this home, a formal dining area to the left and office or flex space to your right, then your eye

Listing courtesy of Susan Mitri of Heritage Realty Associates
1816 S Ocean Shore Boulevard Flagler Beach FL 32136
New Listing - 4 hours on site
1 / 72
$1,450,000
5
BEDS
3
TOTAL BATHS
2,402
SQFT
1816 S Ocean Shore Boulevard Flagler Beach, FL 32136
Triplex For Sale
- Active

Hot Off the Press! Three Beautiful Renovated Flagler Beach Cottages. Zoned Hotel District. Airbnb Allowed. Walk to the Beach! All Cottages have an Ocean View! Located Near Shops and Restaurant's. Swim at the Beach then Relax on the Front Porch. Cotta

Listing courtesy of Kathy DeLanoy of Delco Realty Group Inc.
24 Sand Dollar Drive Ormond Beach FL 32176
Open House Sat, Jun 28, 12 PM
1 / 40
$520,000
3
BEDS
2
TOTAL BATHS
1,523
SQFT
24 Sand Dollar Drive Ormond Beach, FL 32176
Single Family Residence For Sale
- Active

SEABRIDGE SOUTH - Features underground utilities, private sewer system with no HOA. This property includes a beautifully landscaped 3-bedroom, 2-bathroom home with an oversized 2-car garage and a pool. The interior boasts laminate floors, vaulted cei

Listing courtesy of Hella Rominger of Century 21 Sundance 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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