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Home sales expected to continue strong into New Year

News

December 30th, 2020 by Ric Hanson

(Radio Iowa) – Home sales have remained strong in November and Iowa Association of Realtors president, Jen Burkamper says the trend where things have slowed down in December and November has changed. “And then right after the first of the year — what we call our spring market — has actually moved up,” Burkamper says. “So, January, February, March have been very strong the last several years, because I think people are really getting anxious that time of year to look at moving in the spring.” Burkamper the sales through November for the year are up and she says it appears that upward move is going to continue.”We’re expecting that is going to happen or continue to happen in this next year in 2021,” she says.

Burkamper says there are some key signs that make 2021 look positive for home sales. “It’s predicted that interest rates are going to stay low through 2023. So the next several years should be a very strong market. So, if you are looking to sell, it’s a sellers’ market,” according to Burkamper. “And then for buyers, take advantage of these low rates.”

Burkamper says they use of online showings has helped sellers show off their properties and buyers shop around. And she says they have been able to adjust and have in-person showings in homes that are safe to keep the market moving during the pandemic.