Like all markets, the real estate market has seen its shares of highs and lows. We devour all articles and opinions real estate related, so we thought we’d bring you the latest news in the real estate market.
- Inventory is low
Overall, the inventory of real estate for sale is decreasing. The experts all point to multiple reasons including tougher lending rules, a growing tendency to becoming a landlord and even Airbnb! With more people willing to rent out their homes, whether on a long term or short term basis, more people than ever are owning multiple properties, limiting the inventory on the market. That’s good if you are looking for a rental, not so good if you want to buy.
- Prices are rising
Nationwide, house prices are increasing compared to earlier this year, as well as this time last year. That’s good news for homeowners and real estate investors, but bad news for first time home-buyers. If you are worried about your buying potential, let’s discuss your financial situation and goals, then work together to get you the keys to your dream home.
- New construction is not keeping up with demand
With low inventory and prices rising, builders are working overtime to build new construction communities to keep up with the demand. However, according to the experts, the only region where builders are able to keep up is in the south. In all other regions of the US, the number of new homes simply can’t keep up with the number of buyers.
Whether you find this news encouraging for your real estate goals or down-right depressing, Cornerstone Capital Financial Services is prepared to help you navigate the real estate market and make your goals a reality. Let’s Talk!