Intro:
Below, we’ll take a brief look into two major factors – housing inventory and high-interest mortgage rates – and what they mean for the U.S. real estate market.
Typically, the experience of buying a house is an exciting venture. However, when there is a low inventory of houses, the properties that become available usually go very quickly. This is especially true in sought-after locations, such as areas with great schools or those in close proximity to desirable amenities. Potential buyers are often pushed into making a hurried decision or they risk losing out to other players under such conditions.
Graphic created by New City Moving, Chicago last minute movers.
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