According to the Fannie Mae June 2020 Home Purchase Sentiment Index®, 61% of respondents think now is a good time to buy, up from 52% the previous month, while those who say now is not a good time to buy decreased from 39% to 27%.
The National Association of Realtors® found single women buyers were only behind married couples for homebuying rates. In the U.S., the median age for a single female buyer is 54, and single women own 2.4 million more homes than their male peers, and spend about 6% more on homes.
The Federal Communications Commission estimates that at least 800,000 people in Pennsylvania are without sufficient broadband access, which people rely on broadband for education, telemedicine, commerce and social networking, just to name a few.
“I wish my sellers knew that it’s a seller’s market right now with extremely low inventory, and many buyers looking to purchase. Pricing the process at the correct price is very important,” said Terry Solomon-August, president of the Luzerne County Association of Realtors®.
Bucks County Association of Realtors® President Scott Geller said he wished both buyers and sellers knew how hard Realtors® worked on their behalf. He said he wished buyers knew how much work it took for Realtors® to make the process look “easy.”
“NAR has heard from both members and consumers there is a demand for homes in rural areas and small towns that provide not only larger homes, but acreage in a less dense city center,” said the National Association of Realtors® Vice President of Demographics and Behavioral Insights Dr. Jessica Lautz. “NAR members have told us there is strong demand for homes that provide personal space inside the home and land outside the home.”
The number of flips in the first quarter of 2020 represented 7.5% of all home sales in the U.S. In total, 53,705 single-family homes and condos were flipped, an increase of 1.2% from the fourth quarter of 2019 and up 0.2% year-to-year.