- The concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high.
- When the inventory is under a 6-month supply, it is a benefit to the Seller.
- There has not been a
6-months inventory supply since August 2012.
- Buyer Demand continues to outpace Seller Supply.
How Supply & Demand Impacts the Real Estate Market
September 2, 2016 By Leave a Comment
Do You Know the Impact Your Interest Rate Makes?
August 14, 2016 By Leave a Comment
- Interest rates
have come a long way in the last 30 years.
- The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget.
- Interest rates are at their lowest in years.
- If buying your first home, or moving up to the home of your dreams is in your future, now may be the time to act.
March 2016 Market Report
April 25, 2016 By Leave a Comment
Home Sales Up Year-Over-Year
March 29, 2016 By Leave a Comment
This is the 48th consecutive month with year-over-year price gains.
Lawrence Yun, NAR’s Chief Economist says that, “The main issue continues to be a supply & affordability problem. Finding the right property at an affordable price is burdening many potential buyers.”
Inventory is still below historic normals at a 4.4 month supply.