The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that 2020 is beginning with the lowest available housing inventory in two years. The report explains: “Last month saw
Housing Inventory Vanishing: What Is the Impact on You?
If you’re following what’s happening in the housing market right now, you know that many people believe the winter months aren’t a good time to sell a home. As realtor.com Senior Economist George Ratiu recently noted, “Sellers tend to be more reluctant to list during the colder time of year when the market typically makes a seasonal slowdown.” However,
What does housing inventory mean? Inventory is calculated according to a month’s supply, or the number of months it would take to sell the housing inventory based on the current sales rate. So, this means that if there are 100 homes on the market and 10 sell per month on average, then 100 homes=10 months
Whether you are just getting your house ready to go on the market, or have had your house listed for a while, “curb appeal” is probably a strategy that you have heard about somewhere along the line. What is curb appeal? This refers to the attractiveness of the exterior of your property when it is