Bounceback in the property playground: Rising home demand stabilizes client shortfall
Key Point Crunch
• Latest Inman Intel Index survey dishes out optimistic stats: Real estate agents cite stabilizing client shortfalls, indicating rising home demand.
• Real-estate Cupid may have struck: Agents gushed that more clients showed an interest in renewing their home searches, hinting at a perky property market in the New Year.
• YOLO! Makeover magic: Market dynamics are shifting as homeowners and potential buyers brush off pandemic woes and don some home-improving hats.
• Photo finishes galore: Real estate agents are dusting off camera lenses, with survey results pointing to an increase in real estate photo-taking and listings in the new year.
• X factor: While the property playground sparks joy, survey cautions that mystery elements such as mortgage rates, eviction moratorium expiration, and potential tax changes can potentially slide in some grays.
Hot Take
Let’s flip this house of cards!
Pardon me while I dust off my crystal ball, but it looks like our hardy real estate agents are set for a property boom-boom before the rooster crows on the New Year! Yes, you heard it here first, folks, it’s time to kick that pandemic coma, flex those home-improving muscles, and set out to slide into this newfound buoyancy in the property market.
I mean, could you think of a better pastime? Besides, who doesn’t love a good before and after picture of a nifty little fixer-upper story? Or maybe, you find the thrill in playing ‘real estate Tinder,’ swiping through photos of clean kitchens and artsy-fartsy living rooms until finding “the one”. Either way, the housing market is looking less like a bored game and more like a funhouse.
But before you go and break out your Monopoly set, remember that this joyride might come with some surprise speedbumps. We’ve got those mortgage rates playing peek-a-boo, the looming shadow of eviction moratorium expiration, and then there’s the wildcard of potential tax changes. But hey, where’s the fun without a bit of thrill! Time to reignite that property flame, folks! Peggy the Property Market is back in town, and she’s brought her sexy back!
Original article: https://www.inman.com/2024/01/31/client-pipelines-tick-back-up-as-agents-eye-2024-gains-triple-i/
