3 Signs That Laguna Niguel Residents Are Ready To Buy
More and more people in Laguna Niguel are taking the leap towards buying a home. And if you’ve been waiting for the right time to make a move, this could be the sign you’ve been waiting for.
For the past few years, many potential homebuyers in Laguna Niguel put their plans on hold. With rising mortgage rates and affordability challenges, buying a home seemed out of reach. But now, these buyers are making their way back into the market. They are accepting the current state of the market as the new normal, especially as forecasts show mortgage rates may be stabilizing. According to the National Association of Realtors (NAR):
“Home buyers seem to be getting over the shock of mortgage rates in the mid- to upper-6% range.”
This is great news for those looking to sell their homes in Laguna Niguel. While we may not see a sudden surge of buyers flooding the market, the increase in motivated buyers starting their search is a positive sign. And the data supports this trend.
Here are three signs that show Laguna Niguel residents are ready to make their move:
1. Mortgage Applications Are Increasing: According to the Mortgage Bankers Association (MBA), mortgage applications have gone up by 37% since the beginning of the year. This significant jump is a clear indication that more buyers are actively looking for homes. This is a great opportunity for sellers, as serious buyers who have sorted out their finances are more likely to make a strong offer on your house.
2. Buyer Demand Is on the Rise: The Homebuyer Demand Index from Redfin reports a 3% increase in demand since late January. While this may not seem like a huge spike, it shows that momentum is building.
3. More Home Showings: Data from ShowingTime reveals that home showings have increased by 13% since the start of the year. This means that more potential buyers are actively searching for homes, and your house could be one of the properties they are interested in. The increase in foot traffic is a positive sign for sellers, as it indicates a higher level of interest in buying.
As we enter the busiest season for the housing market, it’s the perfect time for sellers to list their homes. Spring is traditionally the time when more people choose to buy or sell a home. With the recent increase in buyer activity, now is the time to take advantage of this market and get your house in front of motivated buyers.
If you are thinking about selling your home in Laguna Niguel, now is the time to act. Let’s connect and discuss how we can get your house in front of these eager buyers. Don’t miss out on this opportunity – if the right buyer walked through your door tomorrow, would you be ready to sell?
