{"id":1093,"date":"2020-09-10T14:39:40","date_gmt":"2020-09-10T14:39:40","guid":{"rendered":"http:\/\/phphouses.com\/blog\/?p=1093"},"modified":"2020-09-10T14:39:40","modified_gmt":"2020-09-10T14:39:40","slug":"homebuyer-traffic-rise","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/homebuyer-traffic-rise\/","title":{"rendered":"Homebuyer Traffic Is on the Rise"},"content":{"rendered":"
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Homebuyer Traffic Is on the Rise<\/p><\/div>\n

One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun,\u00a0Chief Economist<\/em>\u00a0of the\u00a0National Association of Realtors<\/em>\u00a0(NAR), is now forecasting that\u00a0more homes<\/a>\u00a0will sell this year than last year. He\u2019s also predicting home sales to\u00a0increase<\/a>\u00a0by 8-12% next year. There\u2019s strong evidence that he will be right.<\/p>\n

ShowingTime<\/em>, a leading showing software and market stat service provider for the residential real estate industry, just\u00a0reported<\/a>\u00a0on their latest\u00a0the ShowingTime Showing Index<\/em>:<\/p>\n

\u201cHome buyer traffic jumped again in July, recording a\u00a060.7 percent<\/strong>\u00a0year-over-year increase in nationwide showing activity.\u201d<\/em><\/p><\/blockquote>\n

That means there are 60% more buyers setting appointments to see homes than there were at this same time last year. The number of potential purchasers was also up dramatically in every region of the country:<\/p>\n