Are Americans Back To Buying
On behalf of Fausone & Grysko, PLC on Friday, May 22, 2020.
For the past few months, while a large population of us has sheltered in place, we have witnessed the economy tank. On top of that, sales of both new and existing homes plummeted in March. While we are all patiently waiting for a return to 2008, it appears buyer demand may be clawing its way back.
Zillow – the leading real estate and rental marketplace – is reporting a 6.2% increase in week-over-week pending sales, with total web traffic of for-sale listings climbing 13%. While we don’t fully understand why we are seeing a slight bounce back from this industry, some theories point to an apparent flattening of the curve, others say it’s the strong Wall Street rebound in recent weeks. Whatever the reason, with home values holding steady so far, real estate is looking like a safe investment option in these uncertain times.
At the Law Firm of Fausone & Grysko, PLC, we understand the stress involved in buying or selling a home, especially in our current climate. If you are considering Buying/Gaining a Residential or Commercial Property, Fausone & Grysko, PLC is here to help you! Our firm has assisted property owners, builders and developers throughout the real estate acquisition and development process for over 20 Years!