More Homeowners Renovating Instead of Moving Up. More homeowners are staying in their homes longer than ever before, locked into historically low mortgage rates and choosing not to move up to another home despite rising equity in their current home.
Many real estate agents consider an open house a vital part of the home-selling process. An open house allows several prospective buyers to see a home in a single day. In some cases, the sellers receive one or more offers soon after an open house and are able to close the deal in a relatively short period of time.