low inventory: Home Buying Competition Expected This Spring
- 03/09/20 07:46 AM
Experts and economists are predicting a competitive upcoming home buying season, due to short inventory. The larget inventory drops where in Phoenix, San Diego, and San Jose, CA. however, sellers assets list price has increased on an average of 3.9%. Homebuyers are in luck since the 30-year-fixed mortgage rates have dropped to its lowest point in 50 years earlier this week, meaning that it is easier for them to purchase housing in this market. Finding a home can currently be hard for homebuyers because inventories remain low, and list prices are increasing. On another hand, the new construction is selling fast which will help to supply the unsatisfied U.S demand. In … (1 comments)
low inventory: Season of Bidding Wars
- 02/14/20 09:28 AM
Are you house hunting? well, get ready for serious competition with other buyers. Low inventory during the winter is setting an upcoming property bidding war. On another hand, home prices have escalated or increased in many cities, price pressure is no longer a "normal" thing only in San Francisco or New York. Inventory is no longer sitting for months, it is sixty days, at the most since buyers are going by them fast. These conditions are benefiting home sellers that want to quickly trade their property and make money out of it. The inventory shortage is a known issue for buyers and real estate agents, besides frustration, the struggle is real, putting together offers when there is … (1 comments)
Experts and economists are predicting a competitive upcoming home buying season, due to short inventory. 
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