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More homes hit the market, but is it enough?
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Welcome back dream makers, we've been talking about the lack of inventory for a while now, but the biggest reason people are not moving is due to high interest rates. Today's article from CNBC.com wants us to consider the influx of inventory we are seeing: "It suddenly looks like there are too many houses for sale. Here's why that's not quite right." Yes, there is more inventory, but it's not necessarily the type of inventory we need (in the $400,000 and below market). Most first-time homebuyers need that lower price to enter the housing market. Bottom line, there is just not the right properties for first time home-buyers.
Tune in to this episode to gain a deeper understanding of the current market dynamics and discover how you can better support your clients in achieving their homeownership dreams. Whether you're a seasoned professional or new to the industry, this discussion offers valuable insights to help you navigate today's real estate landscape.
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Today in mortgages is produced by Network Funding, LP, which is an equal housing lender, NMLS# 2297. Corporate office located at 10370 Richmond Ave. Suite 900, Houston, TX 77042.
The content of this program is meant to be a commentary on mortgage and real estate news and any discussion of rates and or products should not be taken as individual mortgage or home buying advice or pricing estimates, and any commentary on this show is should not be considered a promise to make a loan. All applicants for a loan must qualify and you should consult a professional regarding your individual loan scenarios for your financial situation. Visit our website at nflp.com/licenses for all state licensing and other legal information.
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