Housing Market Booms In The Metro

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The housing demand in the metro is at the highest realtors say they’ve ever seen.

Homes, townhouses and condos are selling overnight. KVRR’s Brittany Ford caught up with a local realtor to find out what’s causing the housing boom.
Brittany?

TJ and Alison, for those who are in the process of searching for their dream home, what used to be about negotiation is now about trusting your realtor and your gut.

The real estate industry is booming in what has been a domino effect.

The metro has one of the lowest unemployment rates in the country, and a fast growing population. This has increased the demand for housing.

Many looking to purchase new homes have to move fast or miss out.

“Were seeing houses sell within hours not days anymore so it’s very difficult for new home buyer to get the houses they might be interested in. So it’s really important to take those steps beforehand so that you are prepared buy,” said Remax Legacy Realtor Ericka Schott.

Before your home search realtor encourage you to shop around for the right lender, not just who you bank with.

It is also important that you find an agent that you feel you can trust.

The new age of technology has also played a role in the fast turnover.

One of the main contributing factors in why homes are selling so fast is what they call curb appeal. 90–percent of potential buyers are looking at homes online before even contacting a real estate agency

Mike Herberg is a first time home buyer.

After looking at a home online he and his fiancé viewed the home on a Saturday and were done with the process by Monday.

“We would have missed out”

He says he isn’t one to make quick decisions, but trusting his agent made all the difference.

“I’m the type of person that will go to five different care lots before making the right decision. So for me and us to make a decision as quickly as we did require a lot of trust,” said first time home buyer Mike Herberg.

Statistics show 29–people move to the metro every day, and the housing demand is only going to continue to rise.

The new competitive nature of the market will mean potential buyers will need think less and act more. Reporting Live Brittany Ford KVRR News.

The average listing price for a home in the metro is currently at 190–thousand.