More people are actively looking to buy a home. If you’ve been waiting for the right moment to sell, this could be the sign you’ve been looking for.
For the past few years, many potential homebuyers put their plans on hold due to rising mortgage rates and affordability challenges. However, that trend is shifting. Buyers are adapting to what appears to be the new normal in the housing market, particularly as forecasts suggest 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 shift is great news if you’re considering selling. While there won’t be an overnight surge of buyers flooding the market, motivated buyers are actively resuming their home searches. And as a mortgage lender, this presents an opportunity for you to help both buyers and sellers navigate the financial side of their moves. Let’s take a closer look at the data backing this trend.
3 Signs Buyers Are Ready To Make Their Move
1. Mortgage Applications Are Increasing
According to the Mortgage Bankers Association (MBA), mortgage applications have risen 37% since the start of the year. This surge indicates that more buyers are financially preparing to make a purchase. If you’re planning to sell, now is a great time to also explore financing options for your next home. Getting pre-approved for a mortgage will help you move quickly when the right opportunity arises.
2. Buyer Demand Is Picking Up
Redfin’s Homebuyer Demand Index shows a 3% increase in buyer demand since late January. While this isn’t an extreme spike, it highlights growing momentum in the market. As a seller, this means more competition among buyers, which can work in your favor. If you’re also planning to buy, understanding your mortgage options early will position you for success in a competitive market.
3. More Home Showings Are Happening
Data from ShowingTime reveals a 13% increase in home showings since the beginning of the year. This uptick in foot traffic signals more serious interest from potential buyers. Increased showings mean greater exposure for your property, potentially leading to more offers. For sellers who also need to buy their next home, having a solid mortgage strategy in place can make the transition smoother.
Why Now Is the Perfect Time To Sell (and Buy!)
Historically, spring is the busiest season for real estate, with more people buying and selling than at any other time of year. If you’re selling your current home, now is the perfect time to also explore mortgage rates, loan options, and pre-approval to ensure you’re ready to purchase your next home when the time comes.
Bottom Line
With more buyers re-entering the market, now is an excellent time to make your move as a seller. Increased mortgage applications, rising buyer demand, and higher home showing numbers all point to a strengthening market. If you’re ready to take advantage of this shift and want to ensure your home financing is in order, let’s connect.
If the perfect buyer knocked on your door tomorrow, would you be ready to sell—and buy your next home? Let’s discuss your mortgage options today!