U.S. Housing Inventory Hits a New Low… List Your House TODAY!
Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.
Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.
Truliareported that “U.S. home inventory has tumbled 8.9% over the pastyear and has now fallen for nine consecutive quarters.” There is now 20% less inventory than there was five years ago.
Here is a chart showing the decrease in inventory levels by category:
Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the perfect time.
Author:Yael Shanee Phone: 917-705-3717 Dated: July 24th 2017 Views: 566 About Yael: Real Estate Agent CBR (21 years experience)
Specialties: Buyer's & Seller's Agent, Income and Mixed...
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Prime Realty was founded by Mitchell Slavuter a licensed broker in 2009. Although, Prime Realty is a relatively young company, Mitchell has been in the business for 15 years. Mitchell's love of Real Estate has brought Prime Realty where it is today and continues to grow in leaps and bounds presently staffing over 80 dedicated and enthusiastic Sales Associates, which whom Mitchell shares his passion and eagerness for the business. Please get to know them and put a name to their faces as well, by viewing their individual biographies.
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