Robust real estate market

People not waiting to sell and reserve their new home at Fox Run

Created date

September 14th, 2020
Fox Run Sales Director Allison Murphy says that low interest rates coupled with low inventory is resulting in bidding wars on houses, where sellers are getting top dollar.

Fox Run Sales Director Allison Murphy says that low interest rates coupled with low inventory is resulting in bidding wars on houses, where sellers are getting top dollar.

Understanding the American housing market in 2020

The coronavirus pandemic has caused many businesses to slow down or even grind to a halt. But in one bright spot, Fox Run Sales Director Allison Murphy says the real estate and moving industries are both up and running in Michigan. New protocols have been put in place to keep home buyers and sellers safe. Predictions for the housing market 2020 are excellent.

"Real estate agents are utilizing a lot of online selling tools, and most of them stopped doing open houses," she says. "Our preferred partners—packers, movers, move-managers, even estate sale companies—are all operating their businesses and helping people to move to Fox Run every day."

A big question mark for many people hoping to move to Fox Run is how the real estate market has been impacted by coronavirus. Murphy is happy to report that the market is robust, making it the best time to sell a house. And Erickson senior moving assistance makes moving easier by offering help every step of the way!

"The housing market is seriously on fire right now, and the advantage goes to the sellers! Low interest rates coupled with low inventory means that homes are getting into bidding wars and sellers are getting top dollar,” she says. “It’s one of the best times to sell and get top dollar, but this could change quickly with the election and political climate in the air—so we have seen a huge rush of reservations as a result."

COVID-19 pandemic: Best time to sell a house?

Community member Judy Mattingly put her condo on the market in late April, at the height of the pandemic. But she had no trouble selling it.

"The real estate agent came and took pictures and put them online on Thursday, and by Friday I had four offers, and all were over asking price,” she says. “It worked out just great."

If you’ve been considering a move to Fox Run, Murphy recommends setting up an appointment with Sales Counselors Carolyn Ives and Kelly Westran to learn about available apartment homes. Just prior to the onset of COVID-19, Fox Run made an offer to existing residents who wanted to downsize to move into smaller floor plans. The result is that some of the most spacious apartment homes recently became available and are currently being renovated for new occupants.

"We have some of the most sought-after apartments available on campus right now—gorgeous two-bedroom, two-bath apartment homes that rarely come available," Murphy says.

Find your new home at Fox Run

Fox Run delivers an unparalleled lifestyle for retirees in the Detroit area, with a rich array of amenities including access to moving resources from dedicated Erickson moving consultants. Request a brochure today, schedule a visit, or if you live in a different part of the country, visit our handy retirement living near me page to find an Erickson Living-managed community in your area.

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