Category: Agent Tips

Low Housing Inventory + Pent Up Demand = Opportunity. IF You Know What to Look For

On the surface, the housing market may seem bleak. Realtor.com reports 754,846 single family and condo/townhomes had active listings as of 11/2023 Forbes reports the average 30-year fixed mortgage rate is approximately 7% Redfin reports median home prices are north of 400K Realtor.com reports median days on the market is 52 The rate for pending sales that fall out of contract is about 16% Of the homes listed for sale,…