The biggest question we get right now is "how is real estate doing in the Covid-19 pandemic?", the simple answer is great but we know it's much deeper than that. Prior to Covid-19 the real estate market in the midwest was at an all-time high, with rates lower than they have been in years and buyers flooding the market, sellers found themselves getting major equity. Then Covid-19 hit and things seemly hit the breaks for the world, but did they? We have seen a major impact on our market but probably not in the way you imagine. The market remained strong with buyers wanting to buy but we had to make major adjustments to make this happen. Showing homes became very digital, open houses stopped, and fearful sellers stopped allowing people in their homes. So we all shifted to a new style of showing homes, then the rates dropped again and even more, buyers came to the market, more sellers wanted to sell and more homeowners wanted to refinance. So why is the market so difficult to manage right now, it's simple INVENTORY. We have more buyers than sellers and those who want to sell can't find what they want to sell. So what can we suggest to help that? FIND A REALTOR who is active in the market, Realtors can work with other agents they are in touch with to match-make buyers and sellers! Want to know more about our current market? Give us a call at 417-582-2200 or find us on Facebook!
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