In the current real estate market, tight housing inventory supply has been an issue. As a realtor, my current client roster is all buyers and no sellers. Not a single listing on the board. This not only speaks to the low inventory trend, but makes me incredibly grateful for each and every buyer I have home shopping now!
As the low supply of inventory continues to push home prices up, rising prices combined with higher interest rates will cause affordability to decrease. I recently read that "the 20 percent dip in for-sale listings over the past five years mainly impacts first-time buyers searching for a starter home."
As the low supply of inventory continues to push home prices up, rising prices combined with higher interest rates will cause affordability to decrease. I recently read that "the 20 percent dip in for-sale listings over the past five years mainly impacts first-time buyers searching for a starter home."
Of the buyers I'm working with now, 6 of them are first-timers. In an effort to be best prepared to help them I've been doing some research and came across the infographic posted below. There are some great tips here for anyone starting their first home buying journey. If you're thinking about buying a house, read on! If you're thinking about selling a house, call me! Like now, seriously.
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