3,345,091
It may play a part - low inventory with high demand likely plays a larger role.
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
-
Greg Large
Grove City, OH
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
2,817,671
I would think it's more driven by low inventory as well as desire to get to better living conditions for many (due to covid). I would assume that low interest rates allows people to afford more and may even allow higher ends of most markets to do well as well.
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
-
Margaret Rome Baltimor...
Pikesville, MD
-
Kathleen Daniels, Prob...
San Jose, CA
5,772,575
Will,
That is probably one part of the reason, the other is shortage of inventory. Each market is different. A
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
-
Margaret Rome Baltimor...
Pikesville, MD
-
Kathleen Daniels, Prob...
San Jose, CA
3,164,294
I think it has more to do in my market with little inventory than low rates.
-
Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
-
Margaret Rome Baltimor...
Pikesville, MD
-
Kathleen Daniels, Prob...
San Jose, CA
1,543,656
Low Rates + Low Inventory X COVID motivated to move = Prices on the Rise.
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
-
Debbie Gartner
White Plains, NY
-
Thomas J. Nelson, REAL...
La Jolla, CA
911,338
I am seeing price drops here. Yesterday a home dropped $100,000.00 in price. People are still overpricing.
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
7,836,134
Smart consumers are anxious to take advantage of the very attractive mortgage interest rates.
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
1,311,397
Low interest rates are part of the reason that buyers are buying and owners are refinancing, Will Hamm
Inventory also continues to be low in the face of strong buyer interest. Aggressive pursuit by buyers to become homeowners is exerting upwards pressure on prices paid to acquire said homes.
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
-
Joan Cox
Denver, CO
-
Doug Dawes
Topsfield, MA
-
Kathleen Daniels, Prob...
San Jose, CA
6,393,179
More likely just Economics 101
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Bob Crane
Stevens Point, WI
-
Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
-
Doug Dawes
Topsfield, MA
2,781,173
Oh you bet...math doesn't lie and people are buying, investing and selling
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Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
1,844,291
lack of inventory & the low interest rates. We are down to a 1/2 month to 1.5 months depending on the towns. Slim pickens.
Covid just stopped our market here from really rolling like a fire ball. Who's knows how it would have turned out.
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
-
Doug Dawes
Topsfield, MA
-
John Juarez
Fremont, CA
509,449
I think that's part of the reason, also a low inventory of homes in the lower price range here.
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Joan Cox
Denver, CO
-
Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
1,197,097
Lack of quality inventory and increased demand. The template for borrowing is getting smaller and smaller. (tightening lending requirements)
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
-
Peter Mohylsky, Beach ...
Miramar Beach, FL
1,196,798
I think the combination of low inb=ventory, high demand and low interest rates are the cause
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
-
Joan Cox
Denver, CO
2,071,025
No, same for condos, no changes.
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Joan Cox
Denver, CO
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Andrew Mooers | 207.53...
Houlton, ME
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
1,598,452
No, not in our area. Prices are not rising.
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Joan Cox
Denver, CO
-
Valeria Mola
Sunny Isles Beach, FL
3,416,038
That is sure helping, that with the fact we have more buyers than homes for sales. Prices are going up quickly.
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
5,868,482
In Denver, we still have reluctant and nervous Sellers that don't want to list so to keep people out of their homes. COVID is some of the reason and serious low inventory is the culprit.
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
5,216,398
Low interest rates are a help but prices are more dictated by supply and demand.
-
Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
628,764
Supply & Demand ~ We are seeing multiple offers, bidding wars due to low inventory.
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Valeria Mola
Sunny Isles Beach, FL
-
Susie Kay
Plano, TX
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Greg Large
Grove City, OH
2,241,053
You are the expert in your local real estate market Will Hamm ... Our prices in mine have not raised but pace of sales have. Because less inventory, like musical chairs. The buyer is more motivated to find a house with whatever there is for current inventory. Folks have discovered working from home but telecommuting from Maine is a common goal of more. It's not interest rates causing it when it is a cash sale.
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
-
Doug Dawes
Topsfield, MA
711,852
It is lack of inventory in our area.
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Evelina Tsigelnitskaya
Sunny Isles Beach, FL
-
Valeria Mola
Sunny Isles Beach, FL
851,242
Low interest rates + low inventory = eager buyers
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Andrew Mooers | 207.53...
Houlton, ME
129,698
Yes. . . it has made a difference in Salt Lake City, Utah . . . people can qualify for a more expensive home and we are short on inventory
763,883
It's simply the Law of Supply & Demand. This determines prices. Perception is reality.