Warm Weather Brings Out Lots of Lookers
But are those lookers window-shopping, or are they buyers? Lately, I’ve held several open houses for clients of mine and have had fairly good turn-outs. I consider 5 visitors a good turn-out and I’ve met or exceeded that goal in the past 3 weeks. This is likely due to several factors – the warm, sunny weather, the spring market and the income tax returns that people are just starting to get back. However, I have noticed that many of these open house visitors are, shall we say, rather unmotivated to move. I’ve had lots of window-shopping but not as many serious buyers come through my doors. This leads to the question – are many buyers still holding their collective breaths? As a real estate professional, I don’t quite understand why if that is the case. Interest rates are great and there is still a very wide selection, so why the apparent hesitation? Yes, appreciation has slowed and will remain a bit down over the next few years, but owning a home is still considered a great investment. Hopefully in the weeks to come, as schools get out, more of these window shoppes will leap off of the fence and into buying mode.