Did you know... as of September 2108, a shift is occurring in many housing markets. Affordability may be prompting more potential buyers to pause due to rising mortgage rates over the last few weeks, and home sellers are now facing more competition. Homeowners may no longer be able to expect the quick sale they’ve seen their neighbors get in the past.
The number of For Sale signs is starting to increase across the country. Unsold inventory is at a 4.4-month supply at the current sales pace. Inventories were at 1.88 million in September, up slightly from 1.86 million a year ago, according to the National Association of REALTORS®’ latest housing report, released Friday. https://magazine.realtor/daily-news/2018/10/19/sellers-brace-for-stiffer-competition-as-buyers-retreat?sfid=sf200401877&sfchnl=facebook&sfinitv=Realtor%20Magazine&sfpln=&sfmsgtitle=DN:%20EHS&sfaccnt=Page:%20Realtor%20Magazine&sfdt=181019&sf200401877=1 @narresearch #homebuying#homebuyers#homeselling#homesellers#realestate#realestatestats#househunters#homeprices#homes