Investor Central

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Tuesday, July 2, 2013

June National Housing Report: What It Means For You

What does the latest National Housing Report mean for you? If you need some assistance in translating the latest market trends, here is what RE/MAX has to say:
Buyers: Low inventory continues to be an issue for buyers, but as prices rise, homeowners will become more confident with the idea of selling, which will increase the inventory. If you are considering buying in the near future, you can keep ahead of other buyers by getting pre-approved for a loan, so you are ready when the right property comes along. 
Sellers: Because of the low inventory and cheaper mortgages, it’s still a seller’s market, giving you the upper hand in negotiations. Prices are expected to remain higher due to increased demand and low inventory, and homes are selling rapidly, particularly compared to the same time last year.
Link to the RE/MAX blog:

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