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Ed Semmler
The type of real estate market that was seemingly reserved for one of the coasts or some booming metropolis has likely now spread to your neighborhood.
Houses that might have taken a couple of months to sell only a few years ago are now being snapped up in days or even hours as buyers are anxious to take advantage of historically low mortgage rates at the same time there’s a tight supply of houses.
It’s a phenomenon that’s occurring across most of the country, including the Michiana region where the median sales price for some homes has jumped by double-digit percentages in the first four months of this year compared to the same time last year.
The type of real estate market that was seemingly reserved for one of the coasts or some booming metropolis has likely now spread to your neighborhood.
Houses that might have taken a couple of months to sell only a few years ago are now being snapped up in days â or even hours â as buyers are anxious to take advantage of historically low mortgage rates at the same time thereâs a tight supply of houses.
Itâs a phenomenon thatâs occurring across most of the country, including the Michiana region where the median sales price for some homes has jumped by double-digit percentages in the first four months of this year compared to the same time last year.
The type of real estate market that was seemingly reserved for one of the coasts or some booming metropolis has likely now spread to your neighborhood.
Houses that might have taken a couple of months to sell only a few years ago are now being snapped up in days â or even hours â as buyers are anxious to take advantage of historically low mortgage rates at the same time thereâs a tight supply of houses.
Itâs a phenomenon thatâs occurring across most of the country, including the Michiana region where the median sales price for some homes has jumped by double-digit percentages in the first four months of this year compared to the same time last year.
A real estate market that has been booming the past several years has attracted the attention of workers looking for a new career.
And the coronavirus pandemic has helped fuel the trend, as real estate agents have been largely able to conduct business as usual with little or no human contact.
Thatâs what prompted Joy Burch to move to real estate after a decade as a lab tech worker in healthcare.
âIt got to a point where I feared going to work and getting exposed,â Burch said.
But she also was looking for something with more flexibility, especially since she had two kids at home for remote learning through parts of the pandemic.