This is not necessarily bad news. If a seller is also looking to buy a home, then they should be able to take advantage of home prices comparable to those in 1997. Interest rates are still at or below 5%. Two historic conditions that may not present themselves again.
This is the time for savvy home owners, current or new, to take advantage of unprecedented opportunity in the housing market.
Click here to watch the How's Housing? Video Posted to: Mortgage and Real Estate Video News Wednesday, December 22, 2010 10:08 AM Discussing the state of the housing market and the impact rising interest rates are having on the housing inventory, with CNBC's Diana Olick.
Comments(2)