Just a quick post today on an observation:
Real estate is seasonal and usually the busy season is March, April and early May. Things tend to die down around Memorial Day weekend, however, not so this year. A few weeks ago I wrote a post called “Funny The Way It Is…” about how some things were selling quickly, and some things weren’t selling at all – and I couldn’t explain why. It seems that the buyer pool is suddenly motivated to start making decisions, as I’ve seen many properties go under contract in the last week or so, and I’ve also seen an increase in foot traffic through properties for sale.
This may be caused by the drop in interest rates again, which may motivated buyer to pull the trigger.