[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1acrvaoy4iq53":3,"$f2emv3tus0uf1":35,"$fbwk2pqjjqsc7":39},{"item":4,"previous":23,"next":29},{"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":21,"updatedAt":22},15178,"buyer-activity-is-up-despite-higher-mortgage-rates","Buyer Activity Is Up Despite Higher Mortgage Rates","\u003Cp>\u003Cspan style=\"color: rgb(0, 0, 0);\">If you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house.\u003C\u002Fspan>\u003C\u002Fp>","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230505\u002Fbuyer-activity-is-up-despite-higher-mortgage-rates.jpeg","\u003Cp>If you’re a homeowner thinking about \u003Ca href=\"\u002F2023\u002F04\u002F19\u002Ffalling-out-of-love-with-your-house-it-may-be-time-to-move\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: rgb(5, 99, 193);\">making a move\u003C\u002Fa>, you may wonder if it’s still a \u003Ca href=\"\u002F2023\u002F04\u002F25\u002Fwhat-are-the-experts-saying-about-the-spring-housing-market\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: rgb(5, 99, 193);\">good time\u003C\u002Fa> to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is actually \u003Ca href=\"\u002F2023\u002F04\u002F11\u002Fthe-big-advantage-if-you-sell-this-spring\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: rgb(5, 99, 193);\">picking up speed\u003C\u002Fa>.\u003C\u002Fp>\u003Cp>Data from the latest \u003Ca href=\"https:\u002F\u002Fwww.showingtime.com\u002Fblog\u002Ffebruary-2023-showing-index-results-buyer-activity-continues-to-normalize\u002F\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: rgb(5, 99, 193);\">\u003Cem>ShowingTime Showing Index\u003C\u002Fem>\u003C\u002Fa>, which is a measure of buyers actively touring homes, helps paint the picture of how much buyer demand has increased in recent months (\u003Cem>see graph below\u003C\u002Fem>):\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent-images-20230502-20230503-showing-traffic-up-again-in-february.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent-images-20230502-20230503-showing-traffic-up-again-in-february.png\">\u003C\u002Fa>\u003C\u002Fp>\u003Cp>As the graph shows, the first two months of 2023 saw a noticeable increase in buyer traffic. That’s likely because the limited number of homes for sale kept shoppers looking for homes even during colder months.\u003C\u002Fp>\u003Cp>To help tell the story of why the latest report is significant, let’s compare foot traffic this February with each February for the last six years (\u003Cem>see graph below\u003C\u002Fem>). \u003Cstrong>It shows this was one of the best Februarys for buyer activity we’ve seen in recent memory.\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent-images-20230502-20230503-showing-traffic-is-still-higher-than-pre-pandemic-years.png\" rel=\"noopener noreferrer\" target=\"_blank\">\u003Cimg src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent-images-20230502-20230503-showing-traffic-is-still-higher-than-pre-pandemic-years.png\">\u003C\u002Fa>\u003C\u002Fp>\u003Cp>In the last six years, we saw the most February buyer traffic in 2021 and 2022 (\u003Cem>shown in green above\u003C\u002Fem>), but those years were highly unusual for the housing market. So, if we compare February 2023 with the more normal, pre-pandemic years, data shows this year still marks a clear rise in buyer activity.\u003C\u002Fp>\u003Cp>The uptick in buyer traffic is even more noteworthy considering the increase in mortgage rates this February. The \u003Ca href=\"https:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002Farchive\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: rgb(5, 99, 193);\">\u003Cem>Freddie Mac\u003C\u002Fem>\u003C\u002Fa> 30-year fixed mortgage rate rose from 6.09% during the week of February 2\u003Csup>nd\u003C\u002Fsup> to 6.50% in the week of February 23\u003Csup>rd\u003C\u002Fsup>. But \u003Cstrong>even with higher rates, more buyers were looking for a home\u003C\u002Fstrong>.\u003C\u002Fp>\u003Cp>Jeff Tucker, Senior Economist at \u003Cem>Zillow\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fwww.marketwatch.com\u002Fpicks\u002Fafter-seven-straight-months-of-home-price-declines-heres-what-6-economists-and-real-estate-pros-say-to-expect-from-the-housing-market-this-spring-df79d2c3\" rel=\"noopener noreferrer\" target=\"_blank\" style=\"color: rgb(5, 99, 193);\">says\u003C\u002Fa> the increased buyer activity could continue:\u003C\u002Fp>\u003Cblockquote>\u003Cem>“More buyers will keep coming out of the woodwork. We always see a seasonal uptick in home shoppers in March and April . . .”\u003C\u002Fem>\u003C\u002Fblockquote>\u003Cp>If you’re looking to sell your house, seeing buyers still active in the market this year should be encouraging. It’s a sign buyers are out there and could be looking for a home just like yours. Working with a real estate professional to list your house now will help you get your home in front of eager buyers today.\u003C\u002Fp>","\u003Cp>Rising foot traffic is a bright spot for this year’s housing market and indicates that buyers are looking to purchase this year, even with higher mortgage rates. If you’re ready to sell your house, let’s connect.\u003C\u002Fp>","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent-images-20230502-20230503-showing-traffic-up-again-in-february.png",false,[17],{"id":18,"name":19,"slug":20},6,"For Sellers","sellers","2023-05-03T10:30:00Z","2023-05-05T13:52:15Z",{"id":24,"slug":25,"title":26,"featuredImage":27,"publishedAt":28,"contentType":10,"isVideo":15},15173,"a-recession-doesnt-equal-a-housing-crisis-2","A Recession Doesn’t Equal a Housing Crisis","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230505\u002Fa-recession-doesnt-equal-a-housing-crisis.jpeg","2023-05-02T10:30:00Z",{"id":30,"slug":31,"title":32,"featuredImage":33,"publishedAt":34,"contentType":10,"isVideo":15},15179,"how-homeowners-win-when-they-downsize","How Homeowners Win When They Downsize","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fcontent\u002Fimages\u002F20230505\u002Fhow-homeowners-win-when-they-downsize.jpeg","2023-05-04T10:30:00Z",{"cover":36,"open":37,"shareSpread":38},"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",[40,44,48,49,53,57,61,65,69,73,77,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153],{"id":41,"name":42,"slug":43},1,"Uncategorized","uncategorized",{"id":45,"name":46,"slug":47},5,"For Buyers","buyers",{"id":18,"name":19,"slug":20},{"id":50,"name":51,"slug":52},7,"Foreclosures","foreclosures",{"id":54,"name":55,"slug":56},8,"Infographics","infographics",{"id":58,"name":59,"slug":60},9,"Home Prices","home-prices",{"id":62,"name":63,"slug":64},11,"First-Time Buyers","first-time-buyers",{"id":66,"name":67,"slug":68},34,"Senior Market","senior-market",{"id":70,"name":71,"slug":72},35,"Mortgage Rates","mortgage-rates",{"id":74,"name":75,"slug":76},38,"Move-Up","move-up",{"id":78,"name":79,"slug":80},41,"For Sale by Owner","for-sale-by-owner",{"id":82,"name":83,"slug":84},42,"Featured","featured",{"id":86,"name":87,"slug":88},45,"New Construction","new-construction",{"id":90,"name":91,"slug":92},52,"Luxury \u002F Vacation","luxury--vacation",{"id":94,"name":95,"slug":96},53,"Rent vs. Buy","rent-vs-buy",{"id":98,"name":99,"slug":100},80,"Time-sensitive","time-sensitive",{"id":102,"name":103,"slug":104},81,"Outdated","outdated",{"id":106,"name":107,"slug":108},147,"Internal","internal",{"id":110,"name":111,"slug":112},148,"Do Not Autopost","do-not-autopost",{"id":114,"name":115,"slug":116},320,"Inventory","inventory",{"id":118,"name":119,"slug":120},321,"Agent Value","agent-value",{"id":122,"name":123,"slug":124},322,"Affordability","affordability",{"id":126,"name":127,"slug":128},323,"Buying Tips","buying-tips",{"id":130,"name":131,"slug":132},324,"Downsize","downsize",{"id":134,"name":135,"slug":136},325,"Economy","economy",{"id":138,"name":139,"slug":140},326,"Equity","equity",{"id":142,"name":143,"slug":144},327,"Forecasts","forecasts",{"id":146,"name":147,"slug":148},328,"Selling Tips","selling-tips",{"id":150,"name":151,"slug":152},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":154,"name":155,"slug":156},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]