What happened in the Dayton Housing Market this past week?
This week saw a gain in the number of listings, properties that went under contract, and the amount of closed transactions versus the previous week.
-Home values remain consistent
-Strong buyer demand continues to fuel competition for available listings
-Low interest rates continue to help buyers' purchasing ability
Week of March 27- April 3, 2020 vs. previous week
New Listings: Under Contract: Closed:
260 (+52%) 343 (+32%) 305 (+56%)
Congress passes the CARES Act
-According toThe CARES Act (2020), homeowners with a “federally backed mortgage loan” may be able to contact their mortgage loan servicer and request forbearance for mortgage payments for up to 360 days.
-Check out this informative piece from our friends at Motto Mortgage for a rundown of what this means for you. https://www.mottomortgage.com/blog/can-i-defer-my-mortgage-payment-under-the-cares-act
Stay safe, be well!
-Stephen