How Competitive is the Current Market? - 05/22/08 09:03 AM
There are many factors that will determine how fast and at what price a home will sell:  age, condition, location and price. A significant yet often overlooked factor in a buyer's market is also the inventory of homes, and the rate of absorption in the market.
Inventory is important because it determines the competition in the market place, which goes back to basic economic principles of  "Supply and Demand". With the current market situation, supply is definitely up, and the demand, created by both the mortgage industry's state of transition, wherein programs are modified or dropped daily, and down payment amounts … (0 comments)

 
Resized_600x600 Rainmaker_large

Ed Silva CDPE, GRI, ABR, Real Estate Agent

Waterbury, CT

More about me…

RE/MAX Professionals, CT 203-206-0754

Address: Prospect, Cheshire, Wolcott, Waterbury, Naugatuck, Middlebury, Watertown, Southington,Thomaston, Plantsville, CT, 06479

Office Phone: (203) 271-8000 x 18

Cell Phone: (203) 206-0754

Email Me

Locations of visitors to this page


Listings

Links

Archives

RSS 2.0 Feed for this blog