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How Low Inventory Affects Real Estate Consumers In Today’s Market

February 29, 2016

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In today’s housing marketplace, we’re currently experiencing a shortage of inventory. This has created great opportunities for sellers. At the same time, it makes it more challenging for buyers. Particularly, we have some clients looking for their dream home, but nothing has popped up recently.

This is a huge change from previous markets, which wasn’t that long ago. A few years ago, there was a credit crisis and homeowners were underwater with their mortgages. There was an abundance of short sales and foreclosures going on. Luckily, that’s all behind us now.

Feb 2 Pull Quote

Our market is fully recovered right now and it looks amazing. This could be the year to earn top dollar for your home! Home values and sales have increased. Meanwhile, distressed sales, short sales, and foreclosures have dropped dramatically. Additionally, we anticipate strong buyer demand to last all year long, especially with a 4% interest rate. If you’ve been considering listing your home, now is the opportunity. Buyers are hungry for new listings and there are few homes to compete with.

Give me a call or send me an email if you think now is the time. I’d be happy to answer any of your questions, in addition to providing your home’s market value. I look forward to hearing from you!

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