Call 410-220-0016 and Start Packing

How Can We Help You?

Get Multiple Cash Offers

Home-Buying Demand Surges 17% from Pre-Pandemic Levels

Posted on May 28, 2020 (January 28, 2023) by Vinny Steo

Home-Buying Demand Surges 17% from Pre-Pandemic Levels

Home-buying demand is now 16.5% above pre-coronavirus levels on a seasonally adjusted basis, driven by record-low mortgage rates
Demand for homes is far outpacing housing inventory. 45% of homes were on the market less than two weeks for the first two weeks of May.
3D and virtual homes tours are becoming increasingly more popular as tech native Millennials prefer the use of technology.

Home-Buying Demand Reaches New Peak

Home-buying demand surges and is 17% higher than it was before the pandemic, on a seasonally adjusted basis. Following the turmoil and adjustments many made to the new working environments fostered by the COVID crisis, the real estate market was active as home-buying demand surges. Accordingly, mortgage rates have stimulated the housing market, with the average 30-year fixed-rate mortgage at record lows of 3%. The combination of these factors has been a real estate market that is red hot and rife with activity. Naturally real estate markets ebb and flow with consumer demand, pricing, and interest rates.

home_buyer_demand

If you are in the market for buying or selling a home, Vinny Steo is your best choice in Bel Air, Maryland to help you. Call us at 410-220-0016 or fill out the form below.

Contact

Name(Required)

Email(Required)

Phone(Required)

Phone Preference

I Prefer a TXT

I Prefer a Call

Message

Address

Special Features

Name(Required)

Email(Required)

Phone(Required)

Name

This field is for validation purposes and should be left unchanged.

^*Requested information will be sent by text and email.

"We used Vinny Steo to sell our property. Their approach was professional and positive. Vinny secured a smooth sale and an excellent price for our home."

crafting table

"Vinny's team is incredible. They are easy to work with, detail-oriented, and always go the extra mile. 12/10 recommendations!! We will never buy without him again - Vinny made the entire experience as stress-free as possible!"

Maricar Dizon

"We had a great experience using Vinny and Lawrence to sell our house and buy our next house. We were very satisfied with the sale of our home and the process. The team and company is very knowledgeable about the market and helped get us our forever home for a good price."

Christina Rose

"I really want to thank Lawrence Quigley of YHSGR for doing such a great job in helping my family sell our home. He did a great job in representing us and our wants in the home selling process. They relieved the stress of having to deal with everyday life experiences. We truly appreciate everything!"

James Anderson

"The Steo Team is the best team we've done business with! If you are looking for quality service, this is the team to call! Erin was extremely helpful, patient and hands on! I would recommend them anytime, any day to everyone I know!"

Reese C. Tresvalles

"Vinny is the best! Vinny is knowledgeable and a great realtor to work with. We will refer our friends to him again and again! Their approach was professional and positive. We couldn't have been happier or more impressed with the service we received."

Vemarose Chu

"Vinny Steo worked with us to identify the right property to meet our needs. Vinny was always accessible and willing to make a variety of suggestions and options so we can come up with the right decision. We feel we have a trustworthy agent, as well as a friend! Thank you, Vinny!"

Jay Ar Gegz

"Vinny Steo was great to work with! His team responded to each issue that came up immediately. Vinny is very professional at every step of the process. I can recommend Vinny without reservation. In fact, why would anyone want to work with another realtor?"

Adeng Garrovillas

"The Steo team made the home buying process so easy! It was a great experience. The customer service manager Jessica, provided awesome customer service. She helped us find a cleaner and kept us updated throughout the process."

Matthew Meadows

"We feel exceptionally fortunate to have engaged Vinny Steo for our relocation. Our initial phone call with Vinny when we were looking for a realtor was very positive – he was extremely helpful in providing information."

Jhon Ray Tan

"Vinny Steo and Lawrence Quigley did an outstanding job in helping me sell my home. If you are looking for a professional team to sell your home then Vinny and his team are your guys and girls!"

Ira Siegel

"Sold our home for more than we expected and we were allowed to stay until we found our next home. Loved the stay-at-home option. Gave us peace of mind. Lisa Jessica Tom Margo and the rest of the team were amazing. Very helpful with the entire process for an old school guy. All the protection with the contract was phenomenal. Was also able to get us closing costs and repairs in a challenging market for homebuyers. Everything was beyond my expectations. Thank you."

Rob Kloss

"Vinny is wonderful and easy to reach. Vinny expertly handled all our first-time home buyer questions (and we had a lot). He helped us find a great place at a reasonable price!"

Diana Marie Siman

"Tom Hall and Vinny Steo made our first home purchase very stress-free and as easy as possible. They react extremely quickly to not only emails and questions but to ensure you get in immediately to see the house you want. At every step of the process, Tom and Vinny were side by side with us and made us feel not just like a client but family. What could have been a stressful situation in this market, they made sure it was the complete opposite. They took the time to listen and care and that is all you could ask for. Hands down the best there is! I highly recommend Tom Hall and Vinny Steo, as you will not be disappointed."

Ralph Wolff

"If I could give six stars I would. They went beyond our expectations. We are very grateful to have chosen Vinny and his amazing team of professionals. We had a lot of options when looking for a real estate company. The fact that they guaranteed their performance made us feel better."

Rob Kirsch

"Aaron was very friendly and responsive. He and his team answered all our questions in a timely manner and made a stressful experience as smooth as possible!"

Kaia Emerick

"Vinny Steo was excellent to work with - they went above and beyond to help me find and buy a home - many times meaning late nights weekends. Vinny Steo was very professional and gave me his honest opinion about properties and how to proceed. I love my home and am so glad Vinny helped me buy it! I would recommend him to anyone!"

Zureil Fernandes

"The best real estate experience we have had. We have bought and sold houses over the years but never had a company that cared so much about the customer. Most companies only focus on the sale but Vinny and his team focused on us the entire time."

Lori Wechsler

"Aaron got my property sold pretty quickly. I heard a lot of good things on the radio about all the marketing they are doing… I would certainly recommend them!!!"

Greta Mavronis

"Lawrence was great. He work with us through the process. Making sure we understood each step. He was able to accomplish everything he told us plus much more."

Jetta Krempel

"Awesome sales team. Worked with me to sell my home in Havre de Grace quickly and for a great price!!! Would highly recommend to anyone looking to sell a home."

Stacy MacBurney

"Aaron was helpful and responsive when I needed to find a house and get moving quickly as my lease was ending. He managed to set up several appointments quickly and make helpful suggestions in the offer process that helped the offer to be aggressive and well-received."

Matthew George

"We had a great experience with Lawrence and the team. Helped us from the start of the process up until settlement. Great person to work with. Would recommend them in a heartbeat."

Leroy Krempel

"Great company. Love having a guaranteed sale. Appreciate everything."

Kathy Verbiar

"Wonderful wonderful people to work with. Erin was so lovely and amazing to work with! Erin and the Steo Team made the process of buying a home such a great and stress free experience. They are an epitome of how great customer service should be!"

LeoCalReese smiles

"Krissy on the Steo team was wonderful in finding me a first new home. I told her what my price range was and had my pre-approvals ready for her. Only took a couple of days and she found me my first home! I would recommend everyone to work with her! She was awesome! Anyone ready for a new home start packing before you talk to her!"

Ginger Yocum

"Kristen was absolutely amazing! She’s very patient and ensures you find the perfect home. We have a young child and she was so kind and kept him involved in our home buying process. She was quick to respond to any questions we had and put any concerns at rest. Thank you so much again for everything!"

Trevor Martin

"I want to thank Krissy for doing an outstanding job. She was very professional and answered all calls and messages. During our initial meeting, she went through the marketing process, detailing every step, from preparing the house for the showing to the settlement date. She went over our asking price and the profit we would make if we sold our home for that amount. I am extremely happy to say we received 12,400 dollars more than our asking price. Do not hesitate to call Vinny and his associates."

Scott64

"Sold my house in Bel Air. Great support and great people helped guide me through a transition from my long time home to the next step in my life. Thank you."

Fran Boyce

"This was my uncle's house [Estate] that was being sold. Krissy and the team were great to work with. Always available 7 days a week. If not at that moment, then definitely a timely response. We went through a couple of contracts by no fault of YHSGR. The final showing went live in the morning and I had a signed offer/contract by lunch time that same day. I will always recommend Vinny Steo if the subject arises."

Tony Lysakovski