Sales up, housing inventory down |
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You can bet that we've always got our eyes on the housing market. After all, we can't help people get financing without a home to purchase.
Lately, we've been noticing a distinct trend- while housing prices are going up and there is more buying activity, there is beginning to be a shortage of homes for sale in the pricepoint that many first time homebuyers are looking for.
And, we don't think this trend is likely to end soon. As we head into the summer months (which is a time in which many people like to move), we are betting that there will continue to be an inventory shortage.
So what does that mean for you? If you're thinking about buying a new home, make sure to seize the opportunity while rates are still low and before someone else snatches up that home you've got your eye on.
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