The Perks of Selling Your House When Inventory Is Low When it comes to selling your house , you’re probably trying to juggle the current market conditions and your own needs as you plan your move. One thing that may be working in your favor is how few homes there are for sale right now. Here’s what you need to know about the current inventory situation and what it means for you. The Supply of Homes for Sale Is Far Below the Norm When you’re selling something, it helps if what you’re selling is in demand, but is also in low supply . Why? That makes it even more desirable since there’s not enough to go around. That’s exactly what’s happening in the housing market today. There are more buyers looking to buy than there are homes for sale. To tell the story of just how low inventory is, here’s the latest information on active listings, or homes available for sale. The graph below uses data from Realtor.com to show...
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Showing posts from October, 2023
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Affordable Homeownership Strategies for Gen Z The idea of owning a home has always been a big part of the American Dream. It's a symbol of stability, independence, and having a place to truly call your own. But for Gen Z, the "Zoomers" born between 1997 and 2012, making that dream a reality can feel like quite the challenge today with higher mortgage rates and rising home prices . But achieving that goal of owning your first home can still be attainable, even today, with some strategic planning and resourcefulness. Explore Down Payment Assistance Options With prices rising all around you, it can be hard to save up for a home. If you've been struggling to stash away enough cash for that down payment, it’s worth it to look into the various down payment assistance programs available. These programs can really help you save big on the upfront costs of buying a home. There are a lot more options out there than you may realize. According to Down Paym...