Pandemic homebuyers seize the opportunity to move up

Have your recent homebuyer clients seemed extra happy to buy a house? It’s not just you — homebuyers who purchased during the past year are positively elated, with more money in their pockets and more house in which to enjoy their stay-at-home lives.

The majority of U.S. homebuyers who purchased from April 2020 through April 2021 have improved their financial and housing situations, according to a Redfin survey. These pandemic homebuyers report that, after their move, they have the same or:

    • more disposable income;
    • lower housing costs; and
    • bigger homes.

With more wiggle room in their balance sheets (and their actual homes), 80% of pandemic homebuyers say they have “no regrets” and feel happier after their new home purchase.

Real estate professionals are likely to agree. After all, business is booming and most homes have multiple offers the same week of listing. Demand is high and clients are eager to jump in and be part of the action.

But all that glitters is not gold, dear reader, and 2021’s housing market is a prime example.

Rest here…

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