Author name: Juliana Locke Emerson

The Housing Supply is Rising

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The housing supply is rising! What does that mean for buyers? More inventory equals more options. We are still not close to a balanced market; however, we are starting to see an uptick in new housing inventory coming to the market. The new available housing inventory will allow buyers to keep the buying process moving forward. Now is the time to buy as mortgage rates are beginning to increase, which will make purchasing a home less affordable as time passes.

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Limited Inventory? Maybe New Construction is the Answer

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If you are thinking of buying a home, there truly is no better time than now. With today’s low mortgage rates, buyers have a great opportunity to get more home for their money. There still may be limited inventory, leading to more buyer competition and bidding wars, but more inventory is entering the marketplace each day.

If you are having a challenge finding a home that fits the bill, it may be time to talk to your trusted real estate advisor about building. New home construction is ramping up. Although, new construction won’t completely solve the housing inventory shortage, it does mean that more options will soon be available as you continue your home search.

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Mid-Year Market Update

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As we move into the second half of the year, many have questions on what to expect with the real estate market and what’s on the horizon.

The current real estate market is historic. Near record-low mortgage rates are fueling high demand, but a shortage of inventory has complicated buyer’s home searches. Throw a global pandemic into the mix, and we are looking at a real estate market that nobody has witnessed before. Today’s buyers and sellers face unique challenges, and it’s up to trusted real estate professionals to help guide them through these conditions.

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Thinking About Selling?

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If you’re a homeowner thinking about selling, don’t wait. You have a huge advantage in today’s housing market as we are in the ultimate seller’s market. The buyer demand is still at an all-time high and with very few houses on the market for sale, making it the best possible time to sell.

Buyer traffic is strong, and they are each determined to find that home that “fits the bill.” Sellers are still receiving multiple offers and these bidding wars are continuing to drive up the prices of homes.

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