With housing affordability at record highs, real estate professionals are hoping this year’s REALTOR® Nationwide Open House Weekend event will be a big jump-start to the spring buying and selling season for housing markets across the country. The REALTOR® Nationwide Open House Weekend will be held April 28 and 29, in which REALTORS® and real estate associations across the country and worldwide hold thousands of open houses in their local communities.
Nearly half of home buyers visit open houses during their home search, according to the 2011 Profile of Home Buyers and Sellers survey conducted by the National Association of REALTORS®.
The nationwide open house will allow buyers the opportunity to visit several homes in their area as well as learn more about home ownership. REALTORS® will be available at the open houses to talk about local market conditions as well as answer any questions about the buying process.
Housing in many markets has been showing signs of improvement in recent weeks. Mortgage rates continue to hover around record lows and with falling home values, affordability is at record highs.
Learn more about how you can prepare for your open house next weekend at REALTOR.com and REALTOR.org.
By Melissa Dittmann Tracey, REALTOR® Magazine Daily News