If you are looking for a home right now you too have probably encountered the inventory shortage. Currently the market is showing a lower than normal inventory for homes ready to move into. The shortage is as much from selling many more homes in the last 12-24 months than in previous years and people staying in their homes and not deciding to make a move during the pandemic, the very attractive rates and the mood of the country coming out of pandemic times. Either way it is a historic market we are seeing now.
In this Market - a few things to keep in mind if you are thinking of waiting!
“Prices continue to rise, up 15 % year over year. This represents a decade of continuous growth! Thinking about selling to maximize your net profit? Message me for a free market analysis to see how much your property is worth today!”
“Offers over-asking have risen to 48%, inching closer to the peak of 55% in the summer of 2021—the market is still hot and consistent low days on market indicate that buyers are still snapping homes up quickly. If you are ready to move, we can make it happen fast to take advantage while the market is in the seller’s favor!”
If you are a Buyer -
Current rates are still at 4% and below - now is the time to get pre-approved or pre-qualified to purchase your home. A non qualified buyer in this market is behind - to be competitive get that prequal and then go find the home of your dreams.
By the end of 2022 and into 2023 the forecast is predicting a potential increase in interest rate of up to 6.75% that is a determining factor in how much home you can buy! each 1% in interest equates to about 10,000 so keep this in mind..
Happy Easter
Be blessed, take time to enjoy family, friends and good food. 
