Hope Is on the Horizon for Today’s Housing Shortage
Buying Myths | First Time Home Buyers | For Buyers | Housing Market Updates | Move-Up Buyers | New Construction

Hope Is on the Horizon for Today’s Housing Shortage

The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an inventory level below…

Patience Is the Key to Buying a Home This Year
Buying Myths | First Time Home Buyers | For Buyers | Housing Market Updates | Move-Up Buyers | New Construction

Patience Is the Key to Buying a Home This Year

The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, and that number keeps…