Low Interest Rates
Continue to Benefit Housing Market
Right
now, we are looking at some very positive trends in the Delaware region for
real estate. For past 18 months or so buyers are enjoying historically low
interest rates and in fact, sellers are also enjoying these rates. More and
more buyers are eager to lock in mortgages in the low to mid 3s depending on
their eligibility.
Inventory Levels
Are At Low Levels
With
all the buyer activity taking place at the moment, there is fast becoming a
shortage of good homes that are priced right and in great condition. Lower
inventory results in heightened interest in the homes that are available.
Sellers are able to get at or above listing price and in many cases the price
is artificially inflated due to multiple offers and price wars.
Great Selection of
Homes Available
We
are seeing more sellers jump off the fence to take advantage of the
seller-centric market and as a result there is a good choice of homes on the market.
They are selling reasonably fast however they are on the marketplace and many
buyers are able to find the home of their dreams.
~
If
you have been waiting and watching our local marketplace, now is the time to
get involved! It’s a unique situation where both buyers and sellers alike can
enjoy the benefits of our real estate
environment today.
For
a customized consultation on your personal real estate goals, please call me
today at 302. 479.7700 extension 113. I look forward to helping!
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