The Disclosures.io team returned from New Years’ break, with a nice surprise; a big uptick in the activity between agents, NHD report orders, and disclosure package creations. At first, we thought it was related to something that we had done. Was it the new ad campaign? Or the new features that we added to Offers?
It wasn’t until, Liz Norton, an Analyst and Community Development Manager here at Disclosures.io, informed us that every agent she was talking to, “skipped their January vacation this year.”
After a bit of sleuthing, we learned why Liz’s associates skipped a beachside January in Tulum.
Get your Zzz’s in December
January is no longer the month for relaxation. It’s not even prep-time anymore. The selling season has begun.
As competition for homes heats up across the country, January 2020 is flourishing with sales activity that is usually only seen in April. This trend started in 2019, across the country, in its most inventory-limited markets: Portland, Boston, Los Angeles, San Diego, Atlanta, and San Francisco to name a few.
Realtor.com reports that between 2015 and 2018 the busiest month of the year was April, however, in 2019, January stole the show.
This trend is Going to continue
1) Unemployment is low.
2) Mortgage rates are low.
3) Inventory is low.
4) Real Estate agents work very, very hard.
“Limited inventory is motivating buyers to act sooner rather than later. Both buyers and sellers will benefit from a longer selling season with less pressure on those hectic spring /early summer months.”
- Lotte Moore (pictured), a Top Producer and Partner at McGuire Real Estate
“2020 Housing Forecast: Moderate Growth”
The housing market is very steadily remaining on its upswing.
Lawrence Yun, a Chief Economist and SVP of Research for NATIONAL ASSOCIATION OF REALTORS® reports some exciting forecasts for the 2020 market. The Magic of Low Interest Rates, covers the last 4 years of residential real estate and basis this forecast on the good fortune that we suffer “no recession and no major trade war.”
Graphic from The Magic of Low Interest Rates, by Lawrence Yun.
New construction and new home sales are growing, though not with the momentum we all hoped they would. Therefore, low inventory, low mortgage rates, and rising prices are going to keep driving the competition for existing homes.
Buyers definitely started looking for homes early this year.
The key to Hitting your goals in a Listing-Strapped market
Good habits. Great Strategy. Hustle & Edge.
Thousands of agents, in every major market in the country, trust Disclosures.io because of its very simple, intuitive, and efficiency inducing features. With Disclosures.io, cooperating agents and their clients can share supplemental information, track viewer activity, and manage offers - in one secure location.
Lotte Moore and the entirety of the McGuire Real Estate Group use Disclosures.IO to maintain the edge for which sellers are looking.
Create an amazing home selling experience
Our data shows that homes, quite literally, sell faster and for the highest price when historical-home-reports are presented to buyers well before their offers are submitted. There are fewer negotiations, fewer credit-backs, and more competition for homes that are listed with pre-sale inspections and historical reports.
Recently, a major brokerage spent its Q4-2019 comparing the time-in-escrow between deals done with and without Disclosures.io. They found that homes sold an average of 20% faster with Disclosures.io.
When everything is upfront the home selling experience is simply, better.
In addition to that, these days, sellers have a ton of options to steer clear of bridge loans, general uncertainty, and the unfortunate legal aftermath that can come with a less than honest deal.
2020, is actually looking like a great time to sell.
- Aloha
Have you made or received an offer for a client this year? In light of the trends, what are you telling your clients?
We’re curious to hear about your experiences. Please leave us a comment on our blog or post to our Facebook.