buyers: Housing Inventory Shortage. Why and What To Do.
- 12/03/17 08:49 AM
If you’ve been house hunting in 2017 then you are well aware of the housing inventory shortage Northern Virginia is facing. The low supply has continued to push prices up and create scenarios of multiple offers throughout NOVA.
So why is inventory so low?
1 Low Inventory – Wait, what? Sellers know there is currently a low supply of listed homes and are hesitant to join the pool of buyers searching for a new home. 2 Mortgage Rates – Many current homeowners have the luxury of historically low interest rates. So the question becomes why give up a rate of 3.5% for an increase to … (4 comments)
If you’ve been house hunting in 2017 then you are well aware of the housing inventory shortage Northern Virginia is facing. The low supply has continued to push prices up and create scenarios of multiple offers throughout NOVA. 
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