The Spring Market is Heating Up

For those looking to purchase a home, consider thousands of open houses during the 10^th Annual REALTOR® Open House Weekend Event

The spring homebuying and selling season is upon us, and new data from the National Association of REALTORS® (NAR) paired with the US mortgage rates biggest weekly drop in a decade, strongly indicates that Americans are ready to purchase homes. To meet the high buying demand, thousands of homes will be open to the public as part of the Long Island Board of REALTORS® (LIBOR) 10th Annual REALTOR® Open House Weekend, Saturday and Sunday, April 6-7, 2019.

The Open House Weekend has marked the spring renewal of Long Island’s homebuying season for the past ten years. The popular weekend event brings out the community and proves to be a perfect time for buyers to revive their dreams of homeownership by providing a stress-free way to visit homes for sale in different neighborhoods, where they may choose to live. For those selling their home, high buyer demand and our community turnout ensures a lot of traffic.

“Buyers can get a jump on the spring homebuying season by visiting open houses during the Long Island Board of REALTORS® Open House Weekend. The Open House Weekend also gives REALTORS® a chance to engage consumers on the many benefits of homeownership.” said Dianne Scalza, LIBOR President.

According to the National Association of REALTORS®, 65 percent of people believe that now is a good time to purchase a home. NAR Chief Economist Lawrence Yun said several factors are helping to improve the attitudes of potential homebuyers. “First, inventory has been rising, so those buyers interested in making a purchase will not be limited in choices,” Yun said. “Additionally, more stable home price trends are leading to more foot traffic at various open house gatherings.”

The Open House Weekend is a fun, time-saving opportunity to select your favorite neighborhoods and experience several homes in one day. REALTORS® will be present at the open houses to offer expert insight into the local housing market and answer questions from consumers concerning the home buying and selling process.  It is a no-pressure way to see what is out there and consider what you like.  There will be thousands of open houses for you to attend, throughout Nassau, Suffolk, Queens and Brooklyn.

Your REALTOR® is the best source of expert advice and assistance in navigating today's fast–moving housing market. During Open House Weekend, a REALTOR® will be on hand at every home to welcome visitors and to answer any questions. The public is encouraged to check www.lirealtor.com/hom for times and locations.