Last fall, some predicted that the 2019 residential real estate market would be a disaster. There was even belief we might experience a housing crash like the one that occurred during the last decade.
However, according to two separate reports*, buyer demand dramatically increased over the last three months, leading into this spring buyers’ market (the March data is not yet available).
Both the ShowingTime Showing Index and the National Association of REALTORS Buyer Traffic Index show that buyer demand has increased in each of the last three months. Buyer Demand Surging as Spring Market Begins |
Why the increase in demand? Increased buying power. According to the National Association of Realtors’ Economists’ Outlook Blog, purchasing a…