Just in case you haven't been paying attention, 2004 is off to a great start for house and condo sales volume in most communities. The primary reasons are mortgage interest rates are still ultra-low, and prospective home buyers are out in droves looking for houses and condos to buy. The market for second- or vacation-home sales is also robust. However, there's just one little problem. Purchase Bob Bruss reports online. In many communities, there is a shortage of listings realistically priced at market value. That's called a "seller's market" because there are more qualified home buyers than there are homes available for sale. But a few areas have too many unsold listings (usually due to local economic conditions). That's called a "buyer's market" because there are more homes listed for sale than there are qualified buyers. In other words, a local buyer's market creates a great time to buy. SPRING IS WHEN HOME BUYERS COME OUT OF THEIR WINTER HIBERNATION. If you are considering selling ...
by Brad Inman | on Mar 21, 2017
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