Housing Inventory Reaches a Historic Shortage
The Covid-19 pandemic has undoubtably shaken many aspects of our economy as a whole, and the housing market has been no exception! With mortgage rates at a historic low and buyers demand at an unprecedented high, we are now seeing a strongly depleted inventory of homes on the market. According to Business Insider and CNBC Real Estate News, there are 20% fewer houses on than market than this time last year and simultaneously 25% more people applying for mortgages.
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As demand for homes grows and supply tightens, it is an excellent time to sell. If you have been considering a move, it could be an opportunistic time.
Message or call our office at 970-516-1759 to see how we can work together to meet your goals.