Saturday, January 30, 2021 / by Byron Brenes
When will technology play a role in helping us with our housing crisis?
If you are pre-approved and out searching for a home in today's market, you will come to the realization that the market is hot. Low-interest rates and low inventory is two factors that are affecting the prices and increasing buyer competition. A recent article released by Redfin states "
Housing Market Update: 55% of Homes Under Contract Within 2 Weeks, a New Record" . Our agents are working in these markets and seeing 15-26 offers per home and in other markets, we getting reports of seeing over 55 offers per home. Now the Real estate market is seasonal and we see demand fluctuate throughout the year. One thing we are in serious need of is inventory.