Consumer Confidence Is Soaring in the Real Estate Market

Southeastern Michigan Real estate Podcast with Greg and Wendy Kime

Today I wanted to give you a bit of an update on how consumer confidence has grown within the real estate market.

Buying in Southeast Michigan? Perform a full home search

Selling in Southeast Michigan? Get a free Home Price Evaluation

Today we’re going to be talking about consumer confidence in terms of the real estate market.
According to a recent Gallup poll, 34% of those polled believe that the best long-term investment choice is real estate—ahead of stocks and mutual funds at 26%.
85% of Americans now believe that purchasing a home is a good financial decision. That’s a great number to see, as it’s the highest percentage since 2007, before the Great Recession. According to Sean Becketti, Freddie Mac's chief economist, “A decade after the Great Recession, the housing market is rebounding.”
Lawrence Yun, the NAR Chief Economist, had this to say about the current real estate market: “Listings in the affordable price range continue to be scooped up rapidly, but the severe housing shortages inflicting many markets are keeping a large segment of would-be buyers on the sidelines.”

“

If you’re thinking about putting your home on the market, now is the time to do so.

”

So, if you’re thinking about putting your home on the market, now is the time to do so. Give us a call if you would like to list your home, as the majority of our listings are selling in less than 30 days and in many cases, for higher than list price if we price them correctly.
If you have any additional questions about this topic or you want to list your home for sale, give us a call. We’d be happy to help!