The Motria Group's Market Blog: Back to school, back to work and back to a peppier real estate market
Tuesday Sep 04th, 2018Share
Back to school, back to work and back to a peppier real estate market - hopefully… It’s hard to tell what the market will be like this fall. Predictions were that the market would improve. Demand is still there, and so are the buyer. The summer felt a bit sluggish - buyers were not jumping quickly although some houses did sell quite fast. However, many houses sat on the market for no apparent reason. There was little to choose from this summer and many buyers were waiting for more selection in the fall. Interest rates are supposed to go up. Banks are still tightening criteria for getting mortgages. Some deals are not closing because banks are not coming up with the required funds. We will know in the next few weeks how things are looking. Our team is preparing houses for market so I believe there will be more product to choose from.