[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f30nf3wo78iayr":3,"$ffeh0925h8cuz":55,"$f2emv3tus0uf1":59,"$fbwk2pqjjqsc7":63},{"item":4,"previous":43,"next":49},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":41,"updatedAt":42},1685,"current-buyer-seller-perks-in-the-housing-market","Current Buyer & Seller Perks in the Housing Market","Today’s \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F08\u002F03\u002Fexperts-weigh-in-on-the-remarkable-strength-of-the-housing-market\u002F\">housing market\u003C\u002Fa> is making a truly impressive turnaround, and it’s also setting up some outstanding opportunities for buyers \u003Cem>and\u003C\u002Fem> sellers. Whether you’re thinking of buying or selling a home this year, there are perks today that are rarely available, and definitely worth looking into. Here are the top two.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002F06144829\u002F20200810-KCM-Share-1.jpg","Today’s \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F08\u002F03\u002Fexperts-weigh-in-on-the-remarkable-strength-of-the-housing-market\u002F\">housing market\u003C\u002Fa> is making a truly impressive turnaround, and it’s also setting up some outstanding opportunities for buyers \u003Cem>and\u003C\u002Fem> sellers. Whether you’re thinking of buying or selling a home this year, there are perks today that are rarely available, and definitely worth looking into. Here are the top two.\u003C!--more-->\r\n\u003Ch4>\u003Cstrong>The Biggest Perk for Buyers: Low Mortgage Rates\u003C\u002Fstrong>\u003C\u002Fh4>\r\nThe most impressive buyer incentive today is the average mortgage interest rate. Just last week, mortgage rates hit an all-time low for the \u003Ca href=\"https:\u002F\u002Ffreddiemac.gcs-web.com\u002Fnode\u002F20476\u002Fpdf\">eighth time this year\u003C\u002Fa>. The 30-year fixed-rate is now averaging 2.88%, the lowest rate in the survey’s history, which dates back to 1971 \u003Cem>(See graph below):\u003C\u002Fem>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002F20200810-MEM-Eng-1.jpg\">\u003Cimg class=\"aligncenter wp-image-42799\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002F20200810-MEM-Eng-1.jpg\" alt=\"Current Buyer & Seller Perks in the Housing Market | Simplifying The Market\" width=\"650\" height=\"366\" \u002F>\u003C\u002Fa>This is a huge advantage for buyers. To put it in perspective, it means that today you can get a lower rate than any of the past two generations of homebuyers in your family if you decide to purchase at this time.\r\n\r\nIn addition, the \u003Cem>National Mortgage News\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.nationalmortgagenews.com\u002Fnews\u002Fus-housing-market-is-most-affordable-its-been-since-2016\">notes\u003C\u002Fa> how today’s buyers have increasing purchasing power due to these low mortgage rates:\r\n\u003Cblockquote>\u003Cem>“Purchasing power rose 10% year-over-year...With interest rates hitting record lows, buyers were able to afford $32,000 \"more house\" as of July 23 than they could the year before with the same monthly payment.” \u003C\u002Fem>\u003C\u002Fblockquote>\r\nThis is a great perk for buyers who are hoping to potentially get more for their money in a home, something many are considering today as they re-evaluate the amount of \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F07\u002F30\u002Fwill-we-see-a-surge-of-homebuyers-moving-to-the-suburbs\u002F\">space\u003C\u002Fa> they ideally need for their families. It is an opportunity not seen in 50 years, and one not to be missed if the time is right for you to buy a home.\r\n\u003Ch4>\u003Cstrong>The Biggest Perk for Sellers: Low Inventory\u003C\u002Fstrong>\u003C\u002Fh4>\r\nToday, there are simply not enough \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F07\u002F20\u002Fthinking-of-selling-your-house-now-may-be-the-right-time\u002F\">houses\u003C\u002Fa> on the market for the number of buyers looking to purchase them. According to the \u003Cem>National Association of Realtors\u003C\u002Fem> (\u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-climb-record-20-7-in-june\">NAR\u003C\u002Fa>):\r\n\u003Cblockquote>\u003Cem>“Total housing inventory at the end of June totaled 1.57 million units, up 1.3% from May, but \u003Cstrong>still down 18.2% from one year ago\u003C\u002Fstrong> (1.92 million).”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThe red bars in the graph below indicate that the inventory of homes coming into the market continues to decline. It was low as we entered the pandemic and has reduced even further this year. Houses today are selling faster than they’re being listed, and that’s creating an even greater supply shortage \u003Cem>(See graph below): \u003C\u002Fem>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002F20200810-MEM-Eng-2.jpg\">\u003Cimg class=\"aligncenter wp-image-42800\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002F20200810-MEM-Eng-2.jpg\" alt=\"Current Buyer & Seller Perks in the Housing Market | Simplifying The Market\" width=\"650\" height=\"366\" \u002F>\u003C\u002Fa>The lack of inventory has been a challenging situation for a while now, and with low mortgage rates fueling buyer demand, inventory is even harder for buyers to find today. Buyers are eager to purchase, and because of the shortage of homes available, they’re encountering more \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F07\u002F13\u002Fbuyers-are-you-ready-for-a-bidding-war\u002F\">bidding wars\u003C\u002Fa>\u003Cem>. \u003C\u002Fem>This is one of the factors keeping home prices strong, an advantage for sellers. Lawrence Yun, \u003Cem>Chief Economist\u003C\u002Fem> for NAR notes that this trend may continue, too:\r\n\u003Cblockquote>\u003Cem>“Home prices rose during the lockdown and could rise even further due to heavy buyer competition and a significant shortage of supply.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nWith low inventory and high buyer demand, homeowners can potentially earn an increasing \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F08\u002F05\u002Fwhy-homeowners-have-great-selling-power-today\u002F\">profit\u003C\u002Fa> on their houses and sell them quickly in this sizzling summer market.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nWhether you’re thinking about buying or selling at home, there are some key perks available right now. Let’s connect today to discuss how they may play to your advantage in our local market.","\r\nWhether you’re thinking about buying or selling at home, there are some key perks available right now. Let’s connect today to discuss how they may play to your advantage in our local market.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002F20200810-MEM-Eng-1.jpg",false,[17,21,25,29,33,37],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},9,"Home Prices","home-prices",{"id":30,"name":31,"slug":32},11,"First-Time Buyers","first-time-buyers",{"id":34,"name":35,"slug":36},35,"Mortgage Rates","mortgage-rates",{"id":38,"name":39,"slug":40},38,"Move-Up","move-up","2020-08-11T10:00:00Z","2020-08-11T10:00:01Z",{"id":44,"slug":45,"title":46,"featuredImage":47,"publishedAt":48,"contentType":10,"isVideo":15},1684,"the-latest-unemployment-report-slow-and-steady-improvement","The Latest Unemployment Report: Slow and Steady Improvement","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002F09105358\u002F20200810-KCM-Share-2.jpg","2020-08-10T10:00:01Z",{"id":50,"slug":51,"title":52,"featuredImage":53,"publishedAt":54,"contentType":10,"isVideo":15},1686,"why-foreclosures-wont-crush-the-housing-market-next-year","Why Foreclosures Won’t Crush the Housing Market Next Year","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002F11125354\u002F20200812-KCM-Share.jpg","2020-08-12T10:00:37Z",{"cover":56,"open":57,"shareSpread":58},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":60,"open":61,"shareSpread":62},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[64,68,69,70,74,78,79,80,84,85,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154,158,162],{"id":65,"name":66,"slug":67},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":71,"name":72,"slug":73},7,"Foreclosures","foreclosures",{"id":75,"name":76,"slug":77},8,"Infographics","infographics",{"id":26,"name":27,"slug":28},{"id":30,"name":31,"slug":32},{"id":81,"name":82,"slug":83},34,"Senior Market","senior-market",{"id":34,"name":35,"slug":36},{"id":38,"name":39,"slug":40},{"id":87,"name":88,"slug":89},41,"For Sale by Owner","for-sale-by-owner",{"id":91,"name":92,"slug":93},42,"Featured","featured",{"id":95,"name":96,"slug":97},45,"New Construction","new-construction",{"id":99,"name":100,"slug":101},52,"Luxury \u002F Vacation","luxury--vacation",{"id":103,"name":104,"slug":105},53,"Rent vs. Buy","rent-vs-buy",{"id":107,"name":108,"slug":109},80,"Time-sensitive","time-sensitive",{"id":111,"name":112,"slug":113},81,"Outdated","outdated",{"id":115,"name":116,"slug":117},147,"Internal","internal",{"id":119,"name":120,"slug":121},148,"Do Not Autopost","do-not-autopost",{"id":123,"name":124,"slug":125},320,"Inventory","inventory",{"id":127,"name":128,"slug":129},321,"Agent Value","agent-value",{"id":131,"name":132,"slug":133},322,"Affordability","affordability",{"id":135,"name":136,"slug":137},323,"Buying Tips","buying-tips",{"id":139,"name":140,"slug":141},324,"Downsize","downsize",{"id":143,"name":144,"slug":145},325,"Economy","economy",{"id":147,"name":148,"slug":149},326,"Equity","equity",{"id":151,"name":152,"slug":153},327,"Forecasts","forecasts",{"id":155,"name":156,"slug":157},328,"Selling Tips","selling-tips",{"id":159,"name":160,"slug":161},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":163,"name":164,"slug":165},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]