The Market is improving!!!
The Market is Improving!!!!
THE MARKET IS IMPROVING!!
The news continues to be very positive for the housing industry. Though, not yet robust and completely healthy,
the Real Estate Market is on the uptick.
Lack of inventory in many markets is pressuring prices. Jim notes below that it is due to investors snatching properties off to convert to rentals thus keeping homes off the market. It may also be due to sellers not yet knowing now is the time
to act while the competition is low. In Hampton Roads, we are roughly 30% lower in inventory than we were in 2011.
With buyer activity beginning to tick up(low low interest rates and pent up demand), we could see complaints about no inventory to meet demand. As each Real Estate market is really a local market, this will vary throughout the country.
I know I have seen my homes selling in less than 30 days in the past three months or so. Even homes in the higher price ranges are seeing improved activity...could see a couple of contract this week on these homes!!
Read below and consider...is it time for you to dive in???
It is an awesome time to buy or sell!!!