
- USA | 26 July 2020

Do you think market prices and double-digit growth will stabilize or come down soon?
I don’t foresee an immediate stabilization in the market because it’s primarily driven by the dynamics of supply and demand. Comparing the current scenario to the uptick in 2006 followed by the Great Recession, there are substantial differences. Back then, the requirements for obtaining a home loan were significantly lower, unlike the present situation. Today, there’s a surge in demand due to factors like increased relocation to lower living costs. COVID-19 facilitated remote work, allowing people to live where they desire rather than proximity to their offices. Combined with low interest rates and job flexibility, many are making moves irrespective of price.
How does technology continue to influence the homebuying or selling process?
Technology remains a significant force in reshaping the real estate landscape. With limited housing inventory and high buyer interest, we’re witnessing a trend of sight-unseen offers originating from various parts of the country. People are increasingly engaging in online home shopping even before properties hit the market.
What is your competitive advantage versus some of your peers?
Our competitive edge stems from our over 30 years of experience, a factor that often goes overlooked. Experience plays a crucial role in guiding sellers on pricing strategies and advising buyers on their offers. It involves thorough neighborhood research and helping clients assess whether a property represents a solid investment. We’ve consistently been the top seller of resale homes in this market for six years, having navigated through various market scenarios. In a rapidly evolving market, having seasoned experience on your side can be the key to securing a winning bid or maximizing the value of a home sale.