homebuyingadvice: A Tale of Two Markets: Inventory Mismatch Paints a More Detailed Picture
- 03/21/17 12:17 PM
The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than this time last year, marking the 20th consecutive month of year-over-year drops. Historically, inventory must reach a 6-month supply for a normal market where home prices appreciate with inflation. Anything less than a 6-month supply is a sellers’ market, where the demand for houses outpaces supply and prices go up. As you can see from the chart below, the United States has been in a sellers’ … (1 comments)
homebuyingadvice: 5 Secrets for an Easy and Budget-Friendly Home-Buying Process
- 03/09/17 11:18 AM
For first-time buyers and house-hunting veterans alike, the process of searching for and purchasing a home elicits a whirlwind of conflicting emotions: excitement, frustration, apprehension, and uncertainty. These feelings can often obscure the logical steps involved in selecting the best possible home-at the best possible price. No matter which stage you are at in the home-buying process, here are five important tips that will help you select a property that suits your needs without straining your budget: Exercise financial prudence in the months before buying a home. When determining your interest rate for a mortgage loan, lenders look for evidence that you … (1 comments)
The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than this time last year, marking the 20th consecutive month of year-over-year drops.
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