Florida Mortgage | Two Reasons To Move This Year | Home prices and mortgage rates are forecast to rise. Let’s connect so you can sell your house and find your next home before it costs more to move. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany
In today’s housing market, there are far more buyers looking for homes than sellers listing their houses. Based on the concept of supply and demand, this means home prices will naturally rise. Why is that? When there are more people trying to buy an item than there are making that item available for sale, that drives prices up. And that’s exactly the case in today’s housing market. So, knowing what’s happening with the inventory of homes for sale and the demand for housing is crucial for today’s buyers and sellers.
Nationally, Demand Is High and Supply Is Very Low
The latest buyer and...
Florida Mortgage | All Signs Point to Your House Selling Quickly This Year | Current real estate conditions are creating great opportunities for sellers. Let’s connect to discuss why you should expect your house to sell quickly in today’s market. NMLS ID 1834853 #floridamortgage #floridamortgagerates #floridamortgagecompany
Almost every industry is currently struggling with supply chain disruptions. This also applies to the current U.S. housing market, where buyer demand far exceeds housing supply.
Purchaser demand is very strong right now. The National Association of Realtors (NAR) just released their latest Existing Home Sales Report which reveals that sales surged in January. Existing home sales rose to a seasonally adjusted annual rate of 6.5 million – an increase of 6.7% from the prior month, with sales up in all regions. However, there’s one big challenge.
Inventory Is at an All-Time Low
Because...