If you were worried buyer demand disappeared when mortgage rates went up, the data shows there are plenty of interested buyers still out there. The housing market isn’t as frenzied as it was during the ‘unicorn’ years when buyer demand was through the roof, mortgage rates were historically low, and home values rose like we’ve never seen before. But that doesn’t mean the market is at a standstill.
Nationally, demand is still high compared to the last normal years in the housing market and plenty of buyers are making moves right now. Here’s the data to prove it.
The ShowingTime Showing Index is a measure of how frequently buyers are touring homes. The graph below uses that index to show buyer activity over the past eight Octobers:
Emeka George-Okoh is a seasoned business expert and serial entrepreneur with more than two decades of experience in banking and finance, oil and gas, real estate, and export services. Before starting his own businesses, Emeka worked with major corporations such as Union Bank of Nigeria, Capital Oil & Gas Industries, Skye Bank PLC, UBA Group, and others.
His competence includes strategic leadership, customer service, sales, relationship management, and business growth, as well as a solid understanding of retail and business banking services. Emeka has a proven track record of creating multi-channel strategies, planned acquisitions, marketing, finance, and product development.
Mr. George-Okoh presently manages the growth and development of companies such as Staten Projects & Constructions Ltd, 100th Energy Services Ltd, and BrickWell Alliance Ltd.
He graduated from the Lagos Business School in Nigeria with a master’s degree in business administration. He also holds certifications from the University of Wisconsin in the United States, the Oxford Princeton Programme in the United Kingdom, and the IESE Business School in Spain.
Oluseun Awofisoye is Head of Operations at Arkland Properties and Investment Company Ltd. Prior to joining the company, he was a Zonal Rollout Manager at Globacom Limited having worked with the company for 11 years as part of the pioneering team that successfully built and launched Globacom network in most Northern states of Nigeria including the FCT.
He has over Two decades of hands-on roles/experience in the Real Estate industry developed from land acquisition, valuation, property development, sales of finished and off-plan properties, property management, building maintenance, and facilities management of residential& commercial properties.
He holds a Bachelor of Science degree in Estate Management from Obafemi Awolowo University, Ile-Ife, and a Master’s degree in Facilities Management from Ahmadu Bello University. Zaria. He is an alumnus of Lagos Business School where he successfully completed the Owner-Manager Programme (OMP 39) of the prestigious school. He is a dynamic and resourceful individual who believes strongly in providing exceptional service through professionalism.
He is an Associate member of the Nigerian Institution of Estate Surveyors & Valuers and a Registered Estate Surveyor & Valuer. He is also a member of the International Facilities Management association IFMA and has attended various international trainings & conferences organized by the British Institute of Facilities Management (BIFM) & International Facility Management Association (IFMA).
At Arkland Properties, one of the leading real estate organizations in Nigeria, West Africa, Edith Umana Otegbeye serves as the Head of Sales & Client Services managing over 14 team members. She graduated with a Bachelor’s degree in Accounting from the Benin Republic’s Houdegbe North American University. She was employed as the Head of Sales at Seso Global before joining Arkland Properties in 2020.
Edith is a change agent with a solid background in sales to a tune of $80m, database management, business development, great interpersonal skills, and extensive industry knowledge. She has successfully established a network of contacts and partners in the most important sectors locally and internationally. Edith has participated in several training programs such as data analytics, real estate advisory, negotiation mastery and sales management throughout her more than 8 years in the industry. The Institute of Chartered Accountants of Nigeria counts her among its members.
Mehrez Ziad Boutros, a graduate of Notre Dame University in Beirut, Lebanon, holds a Bachelor’s degree in Civil Engineering and a Master’s degree in Structural Engineering. With a commendable 12-year experience in leadership positions at various companies. Mehrez has been a key player in various construction projects across the Middle East.
Mehrez was actively involved in setting up ASL Contractors and currently serves as the General Manager of this subsidiary of Arkland Group. He has successfully led the construction team in developing luxury towers in prime locations within the country notable amongst which is La Paz Apartments in Victoria Island and currently managing other ongoing high rise developments such as A & A Tower, Phoenix Tower, Phoenix Rising in Eko Atlantic City, to mention a few.
He is also a proud member of the American Society of Civil Engineers, underscoring his commitment to professional excellence in the field.
The three pillars of innovation, passion, and quantitative impact form the foundation of Evelyn Edumoh’s professional tenets as an executive in real estate management and business growth. In addition to strategy, negotiation, project design, real estate management, and business growth, she is a specialist in crisis and change management. Having worked in the real estate sector for over ten years, she has a great deal of firsthand experience with Nigerian and African real estate businesses. She has successfully made over 1000 families’ homes and closed agreements totalling over $150 million.
She currently works for one of the leading indigenous real estate companies in Nigeria, Arkland Properties, as the Chief Operating Officer, where she is in charge of operational management. Across multiple state in Nigeria. The Arkland Group is committed to offering the real estate market superior designs, constructions, and experiences.
Evelyn holds a computer science degree from the University of Abuja and has pursued further education from prestigious institutions such as Business School Netherlands (MBA), Lagos Business School, Strathmore Business School, and Harvard Business School. In addition to her academic achievements, Evelyn is passionate about leading community projects and mentoring young women.
Unique Abade Christian currently serves as the Head of Media Communications & PR at Arkland Properties. With over a decade of experience, he has demonstrated expertise in brand/marketing communication and digital content roles. His diverse skill set includes proficiency in content marketing, email marketing, social media (organic and ads) marketing, SEO analyses, website management, google analytics, and graphic design.
In addition to his role in project management, Unique exhibits participatory leadership skills, enabling him to oversee the creation and implementation of communication strategies across all digital and traditional channels. His capabilities extend to leads generation and channeling through CRM tools such as Salesforce and Zoho, facilitating efficient management and tracking of leads for enhanced sales processes.
As part of his responsibilities, Unique establishes style guides, brand guidelines, and brand vision. Moreover, he excels in crafting compelling value propositions for product development and new product launches. His multifaceted experience positions him as a valuable asset in driving the success of communication and marketing initiatives at Arkland Properties.
Professor Akintade Dare is the Chairman of Oriental Capital and Asset Management Group, a company with diversified business interests spanning several sectors including Financial Services and Asset Management, Oil & Gas, Energy/Power, Agro Commodities, Insurance, Real Estate Development as well as International Trade Advisory Services.
Professor Akintade Dare is the Chairman of Oriental Capital and Asset Management Group, a company with diversified business interests spanning several sectors including Financial Services and Asset Management, Oil & Gas, Energy/Power, Agro Commodities, Insurance, Real Estate Development as well as International Trade Advisory Services.
Professor Akintade was a National Universities Commission (NUC) visiting Professor of Diagnostic Radiology and Imaging Science from the United States of America under the Linkages with Experts and Academics in the Diaspora (LEAD) program established in 2007. Prior to his return to Nigeria in 2008, he was a Professor of Oral Maxillofacial Radiology at Nova Southeastern University, Fort Lauderdale, United States of America.
He is a 1989 Dental Fellow of the Japanese International Cooperation Association (JICA), a 1991 Monbusho Fellow of Japanese Government and Awardee of the 1996 Marquis World Publication “Who is who in Science & Engineering”.
He is currently the Chief Executive Officer and Chairman of DarexScanViewInternational Ltd., a member of the Japanese Society of Oral Maxillofacial Radiology, the American Academy of Oral Maxillofacial Radiology, and the New York Academy of Sciences.
Professor Akintade has consistently added significant value and superior knowledge to the Board of many Blue Chip Companies through scientific and healthcare professional developments.
A multiculturalist and multilinguist across continents, He is an alumnus of the university of Lagos, Nigeria and Showa University, Tokyo, Japan.
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