As we enter the spring homebuying season, a new report by Redfin shows the housing market is hitting another record. More than half of homes (52 percent, exactly) that were for sale gained a purchase contract within two weeks of going on the market.
That’s not just fast. That’s crazy fast. And many factors could be playing into what we’re seeing. Low mortgage rates. Tight inventory for motivated buyers. Just to name a few.
At West Virginia Bankers Title, we are laser focused on providing the best title insurance products possible in these market conditions. While listings might be moving quickly, we aren’t cutting corners on the peace of mind we’re offering our customers.
March is sure to be another interesting month for the real estate industry. Our skilled team is here to help you through it!
Here’s to warmer weather (though I might be jinxing it!)
Bob Drummond, Vice President/Agency Manager of West Virginia Bankers Title