Despite many downward trends in the economy in 2020, the housing market with regards to supply and demand is healthier than it’s ever been, as seen in this helpful infographic.
This infographic demonstrates that housing supply is helping to create a very healthy housing market, despite an economy that is otherwise headed in a downward spiral. Because the healthy of the housing market is based on supply and demand, we can look to these numbers for guidance.
“While the rebound in the economy is uneven, one segment that is exhibiting strength is the housing market. Purchase demand activity is up over twenty percent from a year ago, the highest since January 2009. Mortgage rates have hit another record low due to declining inflationary pressures, putting many homebuyers in the buying mood. However, it will be difficult to sustain the momentum in demand as unsold inventory was at near record lows coming into the pandemic and it has only dropped since then.” – FreddieMac
Share with your clients
Infographics, like the one above on housing supply, are important. Not only important for those of us in the real estate industry, but also for our clients. Please feel free to copy and share the above information! Download and share the infographic itself with your followers on social media. Keeping your SOI in the loop is a great way to provide education to your clients on the current market. Facts will always be a good way to reassure your clients during confusing times. Remind them that you are willing and able to help them buy and sell real estate — even now.
For more helpful infographics
If you like our “Percentage of Homeowner Equity in 2020” infographic, you’re in luck. We’ve got a lot more where that came from! Our Facebook group, Real Estate Agent Round Table, is the top Facebook group for real estate agents. We are sharing helpful infographics like this all the time, as well as tips on how to use them as talking points with your SOI. Beyond helpful infographics, we also host live webinars, post helpful resources, and provide free downloadable materials to our group members. Join the conversation today!
Check out our latest posts:
- Housing Supply Year-Over-Year Infographic
- The Listing Consultation: Buying a Home Before Selling Objection Handling Script for Realtors
- The Listing Consultation: Price Objection Handling Script for Real Estate Agents
- Percentage of Homeowner Equity in 2020 – Infographic
- Realtor Client Appreciation Events as Shelter In Place Lifts