Low Inventory and low interest rates. Here we go again. I know that I’m starting to sound like a broken record. However, I still need to say it. So here’s what I’m going to say.
If you’re thinking about selling your home anytime in 2019, you should do it today.
Yes, put your house on the market today. Why you ask? Well even though I’ve said it before, the situation has gotten even more acute. Inventory of available homes has hit a new low. That’s right, I’ve been saying for months that the inventory of available homes has been going down and is at the lowest point and long time. Well, it’s happened again. And I may very well be saying the same thing again next month.The available inventory has hit again, a new low.
Meanwhile, the demand for homes remains very high. Why? Mortgage rates are still right around 4%. This is despite the fact that the Federal Reserve has raised the rates already this year.
And buyers are saying that we better get that mortgage and get into a house. Because if they wait it will only cost them more as they go on.
So once again, if you’re looking to relocate anywhere in 2019. Put your house on the market today. Call us, Bunny and Art Reiman because we can help you.