These higher Housing Inventory levels will not last long. The demand for housing will always be strong because we don't have enough housing to meet the population's needs. The small window for buyers to purchase a home at the list price or lower without the stress and competition of a more aggressive market is already closing. The multiple offers have already begun.
You are putting yourself in jeopardy if you're one of those home buyers sitting on the sidelines until the mortgage rates go down. If you can afford to buy now and then refinance when the rates go down, then this is the best opportunity to purchase a home with more inventory options, lower price points, and less competition. Trust me, there will be so much more competition when the rates go down.
See Homes for Sale by Location - No need to search. Results ready-to-go! 🏡🙋♀️
See Homes for Sale by Price - No need to search. Results ready-to-go! 🏡🙋♀️
This video is part of a new series called Trend Watch, where I create a set of videos featuring the most critical Housing Market trends and run them every month so that you can understand how trends work and watch the changes month by month.
I hope you find this information helpful.
Please remember I'm always here for any questions. 😃
Take care, Sheryl