Busy Real Estate Market

The real estate market is extremely busy these days. More  and more homeowners are purchasing a home for the first time. Many homeowners are moving up or down or even out of town. Lately it takes around four months from contract to closing, compare to around 60-90 days. Could it be that we hit the bottom of the market? could it be that the banks are reviewing applicants more thoroughly? could it be that there are less money available to lend? or could it be that there are just fewer banks around? Well, there is probably a little of all of the above.

 Just wanted to share my thoughts with you and hear your thought if you'd like to share them.


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