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Historically low mortgage rates helping bring buyers back

Low interest rates are driving home purchases, both in the Door Peninsula and nationwide. In early April, the Federal Housing Administration's purchase activity index dropped by as much as 35 percent compared to the same time period in 2019. Last week, the index trailed the mark from a year ago by less than two percent. Sturgeon Bay realtor Ame Grail says there is one glaring concern, the number of people unable to access the market due to job losses.

 


Realtors have adjusted to showing homes during the COVID-19 pandemic. Viewings are by appointment only, and Grail says she makes sure to disinfect all surfaces in common areas after a visiting party has left, among other precautions.

 

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