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- This just happened...but buyer demand still grew?
This just happened...but buyer demand still grew?
Why buyers are still buying, an exciting deal of the week, and reminder for our movie night tomorrow evening
We’ve got a couple things to cover today. Why buyers are buying right now, even with record high interest rates, an exciting new deal in Orem, and a reminder for our movie night tomorrow at 8pm.
Table of Contents
Why Buyers are Still Buying
Mortgage rates just hit their highest point since January.
By most assumptions, that should’ve put the brakes on demand.
And yet—according to the Mortgage Bankers Association—applications to purchase a home actually rose 2% last week. That’s 18% higher than the same week a year ago.
So who’s buying?
Buyers who’ve done the math. Who’ve decided that a slightly higher monthly payment is worth the tradeoff for finally finding the right space—or getting a deal that didn’t exist last year.
We’re seeing it across price points: buyers willing to engage, if the property—and the price—make sense.
With 38% of listings seeing price cuts and inventory up 32% from a year ago (Altos, via HousingWire), we’re also seeing sellers get more realistic.
That doesn’t mean homes are being given away—it means sellers are open to negotiating—on price, on timing, even on covering closing costs in some cases.
Deal of The Week
We have an exciting new home that just hit the market. It’s a beautiful home in Orem for UNDER $500,000.
Here's why I love it:
2,368 sqft with 4 bedrooms, 2.5 baths
Amazing amenities like a movie theater, pool, exercise room, and more
Priced $42,000 below the average home in this area
Just minutes away from 800 N exit
Main level primary suite with a private balcony
Completely move-in ready with multiple upgrades
Shoot me a reply if you want more info on this one, I'd be surprised if it lasts.
Outdoor Movie Night
If you’re looking for an activity that might be more kid friendly, we have another one coming up in a couple weeks on the 21st at 2pm. Click here to view the details.
And don’t worry, we have nothing to sell you at either of these activities. We try to do a couple of these a year to show appreciation for our clients and honestly just reconnect with people. We’d love to see you there!
Here to serve,
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P.S. If you’re looking to make a move anytime soon, don’t hesitate to respond to this email or call me directly. Happy to answer any questions and help in any way I can.