If you want to sell your property quickly, at near the asking price, it is important to know why people are buying. In this post, Realtor.com chief economist, Jonathan Smoke, suggests we pay attention to the five main triggers for home buyers: they have grown tired of their home and want a change, interest rates are exceptionally low, housing prices are favourable in many markets, they need or want more living space and they have the money to spend.
In this article, Realtor.com's Chief Economist Jonathan Smoke proposes five reasons why people are buying homes: they have grown tired of their current property and want a change in environment or lifestyle; interest rates on mortgages were exceptionally low which made it more affordable for buyers than ever before (which means there was no need to put large down payments); housing prices where good compared with other countries around the world so those who wanted residence here could get what they needed without having too much difficulty making ends meet financially - if not all together then at least significantly less
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