Need Houses! Inventory is Low

Over the last year home prices have continued to go up.  In some areas as much as 30%!  The lack of inventory and low interest rates really sparked a buying frenzy.  Investors with cash and many first time homebuyers.

Unfortunately, we are seeing a little bit of a crash.  We are attributing it to the increase in loan rates.  This has caused a real slow down, and only in the lower-end are we still seem some consistent activity.

If you are a home seller it's a good time to sell.  If we see a continued increase in interest rates, this will dampen buyer's spirits and they will have a wait and see attitude.  It's the buying frenzy scenario that brings higher sales prices, and that is going away.  So don't delay too long to get your home on the market, so you can take advantage of the low inventory scenario. 

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