{"id":7989,"date":"2023-03-16T10:30:00","date_gmt":"2023-03-16T10:30:00","guid":{"rendered":"https:\/\/thezakariagroup.com\/what-buyer-activity-tells-us-about-the-housing-market\/"},"modified":"2023-03-16T10:30:00","modified_gmt":"2023-03-16T10:30:00","slug":"what-buyer-activity-tells-us-about-the-housing-market","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/what-buyer-activity-tells-us-about-the-housing-market\/","title":{"rendered":"What Buyer Activity Tells Us About the Housing Market"},"content":{"rendered":"
\"What<\/p>\n

Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News<\/em><\/a>:<\/p>\n

\u201cHousing markets have cooled slightly, <\/em>but demand hasn\u2019t disappeared, and in many places remains strong<\/em><\/strong> largely due to the shortage of homes on the market.\u201d<\/em><\/p><\/blockquote>\n

That activity can be seen in the latest ShowingTime Showing Index<\/em>, which is a measure of buyers actively touring available homes (see graph below<\/em>):<\/p>\n

<\/a><\/p>\n

The 62% jump<\/a> in showings from December to January is one of the largest on record. There were also more showings in January than in any other month since last May. As you can see in the graph, it\u2019s normal for showings to increase early in the year, but the jump this January was larger than usual, and a lot of that has to do with mortgage rates. Michael Lane, VP of Sales and Industry at ShowingTime+<\/em>, explains<\/a>:<\/p>\n

\u201cIt\u2019s typical to see a seasonal increase in home showings in January as buyers get ready for the spring market, but <\/em>a larger increase than any January before after last year\u2019s rapid cooldown is significant<\/em><\/strong>. Mortgage rate activity this spring will play a big role in sales activity, but <\/em>January\u2019s home showings are a positive sign that buyers are getting back out there<\/em><\/strong> . . .\u201d<\/em><\/p><\/blockquote>\n

It’s important to note that mortgage rates hovered in the low 6% range in January, which played a role in the high number of showings. What does this mean? When mortgage rates eased, buyer interest climbed. The jump in home showings early this year makes one thing clear \u2013 while rates may be volatile right now, there are interested buyers out there, and when mortgage rates<\/a> are favorable, they\u2019re ready to make their move.\u00a0<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News: \u201cHousing markets have cooled slightly, but demand hasn\u2019t disappeared, and in many places remains strong largely due to the shortage of homes on the market.\u201d That activity can […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[100,101,884],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nWhat Buyer Activity Tells Us About the Housing Market - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/what-buyer-activity-tells-us-about-the-housing-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Buyer Activity Tells Us About the Housing Market - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. 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