Buyer Traffic Remains Robust Despite Mortgage Rates

Buyer Traffic Remains Robust Despite Mortgage Rates

Are you hesitating to sell due to concerns that potential buyers are scarce amid rising mortgage rates? The latest data debunks this myth, showing that buyers are still actively purchasing homes. Here's the evidence:

The ShowingTime Showing Index, which measures home tours by buyers, paints a compelling picture. Comparing the most recent data to the same period in pre-pandemic years, it's evident that today's buyers are exceptionally active. In June 2023, buyer activity surpasses the typical levels for this season.

You might wonder how this is possible with higher mortgage rates. The answer lies in buyer adaptability. As Danielle Hale, Chief Economist at, notes: "Interest rate hikes continue to further cut into buyers' purchasing power, although they appear to have adapted to the higher mortgage rate environment." In essence, buyers still need homes, and those who can afford today's rates are forging ahead with their purchases.

The Key Takeaway for You

While the housing market has transitioned from the frenzied pace of recent years, it's far from stagnant. The truth is that buyer traffic remains robust, even in the face of current mortgage rates. Therefore, there's no need to delay your own real estate plans. The market clearly has a place for your property.

In Summary

Don't postpone selling your home out of fear that there are no buyers. Quite the opposite is true—buyer activity remains higher than usual. Let's connect and prepare your home for sale, ensuring it makes a lasting impression on these eager buyers. Contact Anthony Spitaleri at Serhant today for expert guidance in the Miami market.

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Not only does Anthony help people navigate the challenges of real estate transactions in today’s market, he also gets to assist them in achieving their goals and fulfilling their dreams.

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