U.S. Housing Inventory Crunch Continues… List Your House Today in Cocoa Beach, fl!
Christian Penner
?? Looking to BUY ??, SELL ??, LEASE ??, INVEST ??, or BUILD ???? We specialize in Funding?? for Homes, Commercial RE ??, Custom Docks ??, Seawalls ???, and more. Call us TODAY ?? and make CONFIDENT decisions ????
Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes.
Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!
At the same time, however, inventory levels of homes for sale have dropped dramatically as compared to this time last year.
Trulia reported that “in Q4 2017, U.S. home inventory decreased by 10.5%. That is the biggest drop we’ve seen since Q2 2013.”
Here is a chart showing the decrease in inventory levels by category:
The largest drop in inventory was in the starter home category which saw a 19% dip in listings.
Bottom Line
Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2018, now may be the perfect time.
Mortgage Brokers in Cocoa Beach, fl, Christian Penner Mortgage Team, Cocoa Beach, fl mortgage lender specializes in conventional, FHA, VA, Jumbo and Reverse Mortgages. Competitive Rates, Apply Today!
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Questions, Comments or For more information you can contact Christian Penner at: (561) 660-9222 or Office Text Line: 561-530-2223 - visit us online at www.ChristianPenner.com
The Christian Penner Mortgage Team,
Buyer Referral Hotline : (561) 660-9222