Strong Job Market Fuels Buyer Demand

Share this on:

The spring real estate market has been a busy one in most areas. Even with mortgage rates higher this year as compared to last year, buyer demand continues to be strong and is getting stronger. According to data from Showing Time, which is a measure of buyers viewing homes, it shows that more buyers are actively touring homes this March compared to March in pre-pandemic years. Here is a closer look at why buyers are active these days.

Job Market Strength

With inflation still on the higher side, the Federal Reserve increasing the Federal Funds Rate and headlines discussing a potential recession, it is interesting to see how strong the job market is. Additionally, it is strengthening as well. According to the Bureau of Labor Statistics (BLS), there have been a noteworthy number of jobs added to the market. Specifically, there were 88,000 more jobs created this April than in March. Furthermore, the April numbers exceeded expert projections as well which all shows great movement in the direction of growth.

Unemployment Nearing All-Time Low

Another noteworthy statistic that goes along with new job growth is that of unemployment. According to BLS the unemployment rate is now at the lowest since May of 1969. The average rate from 1948 to 2023 was 5.7% and we are currently at 3.4%. So with so many people employed they are able to consider buying that home nowadays.

Impact on The Market

In the end this is excellent news especially for sellers in this market given the buyer activity. With the number of homes available for sale being lower still, sellers should anticipate strong interest in their homes listed for sale. If you are considering selling your home in the near future, feel free to reach out to me and let’s have a discussion on what you should expect for your home in your particular area.

Beth Dickerson

Boston, MA

Primary phone
(617) 510-8565
Email
[email protected]
Address
277 Dartmouth St. , 2nd Floor,
Boston, MA 02116

About The Author

One of Boston’s most reputable real estate brokers, Beth Dickerson has achieved more than $2 billion in sales and thousands of successful real estate transactions over her nearly thirty-year tenure. Beth has received national acclaim from the real estate industry and represents some of the most prestigious residents and properties across Massachusetts. Her enduring record as a top producer comes from the intuitive gift of sensing her clients’ needs. She has built a business that is referral-based at its core—a testament to her relationship-driven approach and penchant for exceeding expectations. It is this nuanced expertise that Beth leverages to guide many of her clients-turned-friends through some of the greatest milestones of their lives.

Beth was the proprietor of her own real estate company before joining the residential division of R. M. Bradley in 1993, where she was a top producer for more than a decade. In 2003, she founded her own boutique real estate firm, Dickerson Real Estate, before merging with Gibson Sotheby’s International Realty in 2007. Today, Beth attributes her success to her comprehensive marketing and advertising strategies, exclusive contact network, and unparalleled insight into neighborhoods like Back Bay, Beacon Hill, the South End and Waterfront. With an understanding that no two clients are alike, she works with clients in all phases of life—from first-time buyers to luxury developers, seasoned sellers and beyond. Beth offers clients the resources to aggressively market their property locally, nationally and globally, and her attention to detail, drive and enthusiasm are unmatched.

Beth has appeared in prestigious media outlets including The Wall Street Journal, Mansion Global, The Boston Globe, and Boston magazine, and was prominently featured as Greater Boston’s real estate expert on WCVB Chronicle in 2020. She has had the honor of serving as President of the Downtown Council of the Greater Boston Real Estate Board. For over ten years, she has been a Co-Chair and Committee Member for the Massachusetts General Pediatric Hospital for Children’s Storybook Ball. She serves as a Board Member of the Community Music Center of Boston and a member for the Perkins School for the Blind, Emerald Necklace Park Conservancy, Justine Liff Luncheon, Youth Villages and the Boys & Girls Club of Boston, among dozens of other organizations throughout the Boston area.

A long-time resident of Boston’s Back Bay, Beth was an active member of the community as she raised her two children: she served as treasurer of the Clarendon Street Playground and was an avid supporter of the Hill House Community Center.