Skip to main content

Posts

Showing posts from 2024

Navigating a Seller's Market

Navigating a Seller's Market With inventory near record lows and interest rates at their highest point in years, you may be thinking now is an impossible time to buy a home. However, while it can certainly be a challenge, it is nowhere near impossible! Even though all signs point to the Fed lowering interest rates this year, we're still likely to remain in a seller's market for the time being. With that in mind, I thought now, heading into the normally busy Spring market, would be a good time to offer some home buying tips for this current environment. So, let's start with the basics: What is a seller's market? In it's most basic sense, the definition of a seller's market comes down to economics 101: Supply and Demand. Right now, there are more people looking to buy a home than there are homes on the market or people interested in selling their homes. For reference, according to market experts, in a balanced real estate market (where there are an equal numbe