Home Buyers Get a Present For The Holidays: Improving Inventory and Better Rates!
Posted by Cary W Porter on
Homebuyers who brave the cold to get out there and shop for homes right are finding something strange, really good news!
First up, increasing inventory.
A new report has found that 7.5% more home sellers listed their homes in November than this same month last year. It’s actually “the first-time inventory has increased this late in the fall season since our records commenced in 2016. This turnaround is a big deal, “ending a four-month streak of annual inventory declines,”. Plus, seasonal housing stock in November increased by 2.4% above October levels, which is another first.
November saw the first annual growth in newly listed homes in 17 months. If you look at total inventory—of both new listings and old—that’s improved, too, with the…
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