With the housing market rebounding, this is a great time to choose your new home and homesite. The Canoe Club has been welcoming many homebuyers over this summer season, come see why!
Housing Market is Great
According to this article in KeepingCurrentMatters.com ”
“According to NAR, home sales jumped 20.7% from May to a seasonally-adjusted annual rate of 4.72 million in June:
“Existing-home sales rebounded at a record pace in June, showing strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic…Each of the four major regions achieved month-over-month growth.”
With existing sales climbing, it means that sellers are putting their houses on the market so that they can choose a new construction home. In fact: the article says that mortgage rates are hitting an all-time low, dropping below 3% for the first time last week, and potential homebuyers are poised to continue taking advantage of this historic opportunity to buy. This fierce competition among buyers contributes to home price increases, as well as more buyers are finding themselves in bidding wars in this environment. ”