The Housing Market Continues to Stay Hot in 2021, Says Dependable Homebuyers
2021 has been a mixed year for the housing market. Inventory is low and prices are up, but home buyers and home sellers have been nothing but optimistic. “Sometimes when the water is warm you just have to jump in,” exclaimed Jannette Davis, a recent first time home buyer in the Baltimore area.
To meet the demand of new homeowners looking to sell, many We Buy Houses companies have expanded their home buying services. Not only are they buying homes in cash, but they are also offering auctioning services and FSBO listing assistance as well. This has allowed home sellers to customize their options to best fit their property selling needs.
Evan Roberts, the founder of Dependable Homebuyers, says that his initiative of expanding his real estate offerings for sellers has paid rich dividends this year. Dependable Homebuyers has been operating in a number of states for a number of years and 2021 may be their best. Evan Roberts and his team of real estate experts buy houses directly from owners. They also offer extensive consultation and a plethora of services to make selling a convenient and quick process for homeowners. They have assisted homeowners with varying objectives, from flipping to selling hoarder houses, short sales to quickly liquidating homes under foreclosure.
The real estate sector has been growing steadily over the years. 2018 marked a significant jump in the growth rate and that has continued into 2019. 2020 saw a blip in market weakness in March, the real estate market heated back up as home buyers demanded larger homes to better fit the work-from-home trend that was initiated by current events.
Maryland does not have a problem of low inventory. The inventory of houses for sale is smaller than previous years. Yet, the houses are not remaining listed for long. There are sufficient buyers to bag the deals. This is keeping costs of selling low. This is also leading to a churn in the inventory. Despite there being no major tussle between supply and demand, the real estate prices have appreciated handsomely over the last two years. This is expected to continue for the rest of the year.
The american housing market is poised for better growth in the next few months. Many economists are predicting high inflation over the next few years. If inflation does show in the economy, the housing market is prepared to withstand a spike in home prices. Presently, there is no sign of slowing down. The federal reserve has committed to low interest rates and this has impacted the plans of some buyers, allowing them to buy more expensive homes than they otherwise would have. The housing market has held on to its high prices due to the availability of credit, and the demand for houses at almost any price. The sheer bouquet of options makes it easier for buyers. Sellers too have benefited with a growing populace and thus first time home buyers.
Evan Roberts of Dependable Homebuyers suggests it is a great time for investors to acquire houses, whether for flipping or rental properties. Buyers too can now explore a growing inventory of pre-owned houses that are refurbished to be as good as new. As the residential real estate sector expands in Maryland, more opportunities will pop up for investors and professionals like Evan Roberts and companies like Dependable Homebuyers. For more details, contact Dependable Homebuyers directly.
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For more information about Dependable Homebuyers, contact the company here:
7089 Copperwood Way, Columbia, MD 21046