Where Have All Our Seller Gone?
Interest rates remain at record low levels, for now, and the market place is crowded with buyers who have become increasingly frustrated simply because there are so few homes available for them to look at. The so-called “shadow inventory” is a real phenomenon as sellers continue to wait to make the selling decision until they feel they have recouped their lost value since the decline over the past five years. Well, prices have begun to move upward, and they should continue this gradual climb over the next few years. You may wish to contact your favorite Realtor for a market update.