Inventory on the market today is low, especially among existing homes in the entry and middle-level tiers of the market.
Some are afraid the real estate market may be looking a lot like it did prior to the housing crash in 2008. One of the factors they’re pointing at is the availability of mortgage money.
Buyers are out in full force this fall, increasing the demand for homebuying in all four regions of the country.
In the third quarter of 2019, the U.S. homeownership rate rose again, signaling another strong indicator of the current housing market.
Many sellers believe spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What they don’t realize is if every homeowner believes the same thing, then that’s when they’ll have the most competition.