And to every season, it must end, so must housing prices evenutally rise from the shadowy depths.
What does this mean for the home buyer? It means that the opportunity is not lost and some of the best deals at low, low prices can still be found. Over the next 6-9 months, inventory will begin to diminish, thus lowering market times. When it reaches approximately 6 months’ of inventory, the market will be in balance, supply meeting the demand. The best part is, the money is still out there for buyers to access at historical lows. Which one is right for you? Contact your local lender and find out today! Be sure to get a pre-approval before you go house hunting. Your Realtor will thank you!