Real Estate Trends
Jun 4, 2020
Jennifer Callison, Mike Thomas Associates

Change has quickly swept around the world and the way that people shop for houses has had to adjust as well. Adapting quickly to the times, the real estate industry has turned to technology for help. While most buyers traditionally start their home search online, today with more video walk-throughs and virtual showings homebuyers should expect to embrace technology to safely and easily view listed homes anytime. A focus on safety has become an important aspect of home-selling. Video calls that allow clients to view and ask questions with the agent in real-time have helped to make the buying and selling experience safe and easy.

Warm spring weather has finally arrived and is accelerating the market forward. The real estate forecast is looking up with median home prices continuing to rise across our region. With low-interest rates and low inventory, homes being listed now are likely to get multiple offers. If you were on the fence about listing your home for sale, now may be the best time for you to get your full asking price. It’s also a great time to buy, even with daily market changes, the average mortgage interest rates are hovering around 3% for a 30-year mortgage and even lower for a 15-year loan.

Across the nation, people are spending more time in their homes than ever before. This has placed a spotlight on ways that our living spaces have been found lacking for future needs. There may be a need for a permanent home office or just more elbow room in common spaces. People are still looking for homes and needing to make transitions as life goes on. Whatever the season, no matter the situation, the vital industry of real estate is here to help connect buyers and sellers.

With time to evaluate what is important to us, we realize that home and family are at the top of the list. Life is still happening all around us and in northeast Indiana our strong sense of community and commitment to the future bonds us together. With hope and confidence in tomorrow, we are moving together on this journey toward the future. 

Mike Thomas Associates

Phone: (260) 341-5370



IMG Insurance Management Group

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