The real estate market is hot news these days, and with so many headlines all over the media, it can be hard to know what to dismiss and what to believe. That's just one reason to look to industry experts like Andrew Shader a leading real estate developer in Ft. Lauderdale, Florida.

Buying or selling a home is a big decision. Despite what you may have heard from the media, it is a fact that the housing market is running strong. Buyer demand shapes the industry in significant ways, and it's important to understand just how it influences the market.

Recent Trends in Buyer Demand

Many people know that 2020 is not a good year to use as a benchmark for many things, including tracking buyer demand trends, but you might be surprised about the state of the current housing market.

In fact, the things you are about to hear might be the best advice you'll ever get.

Is Buyer Demand Cooling Off?

As of the fall of 2021, there are signs of cooling buyer demand for properties. However, this fact needs to be kept in context to get the whole story.

Much of the slower buyer demand has to do with the time of year. Historically, the housing market's hustle and bustle slows during the autumn months, comes to its lowest point over the winter, and picks back up again in the spring.

To only say that demand is slowing would be slightly inaccurate. It also must be said that buyer traffic is still at an all-time high when you compare the data to relevant pre-pandemic levels.

Are Purchase Applications Drying Up?

Again, false ideas erupt when people only gain partial information. While it is true that seasonally adjusted purchase applications are not usually at the levels they are currently at, it's also true that they did increase slightly to the highest level we've seen since July.

The buyer demand for homes is still very strong. In fact, except for 2020, purchase applications are at the highest level they've been at in a decade.

Is Price Growth Still at Record Levels?

As buyer demand goes up for properties, the prices for homes will rise, too. That demand was so great that it pushed the average price growth of properties to a new record high in June of 2021. This all-time high reflected a year-over-year growth rate of 18.6% and a month-to-month rate of 21.8%.

It's no exaggeration to claim that these are record levels, either. It was the fastest growth from May to June in any year since record-keeping began.

Buyer demand will influence how quickly homes sell, how much they will sell for, and how many buyers compete for each one. Buyer demand is still much higher than it usually is this time of year, which places buyers solidly into a seller's market.

Andrew Shader, Real Estate Developer, and Investor

Andrew Shader is an entrepreneur and a successful real estate developer and investor in Fort Lauderdale, Florida. He got his Business Management and Marketing degree from Florida State University. After spending years in the insurance industry, Mr. Shader decided to shift his focus to real estate. Andrew specializes in value-added properties and boosting property value through investment.