Buyers: Buy a home already
Okay – that’s oversimplified. The hiccup today is there is more inventory than need. It’s basic supply and demand. Right, you’ve heard that until it gags you to read it. Well, here are some facts before we go one more step on our journey:
Housing values are down tremendously in almost every market. A great number of listings, today, are either short payoffs (pre-foreclosures) or lender owned (foreclosures).
Interest rates are about to start their upward spiral – it’s not a possibility, it’s an inevitability.