Once, twice, three times is the charm...right? Well not always. Buying a home can be work! You look and look but don't find what you are looking for. Offers are made and but not accepted and you feel as if you are not going to get the home you seek.
In today's market there is currently eight months worth of inventory. That means that if no new listings came on the market, we would have eight months worth of properties. However, spring is near and a flood of new listing will start to show up. So, for those first time buyers don't worry, what you are looking for is out there. Or on it's way to market.
The deals right now are the best deals, because these are homes that need to sell or sellers who want to sell. Once spring comes I expect prices to be some what inflated. Why? Because there will be less homes for sell do to the fear of a poor market. Don't be surprised if the stats show new listing drop for a few weeks, but the market in general is bouncing back. I see the numbers fall in some places, but hold in others. Therefore, if you are first time buyer you are going to drive this years market. But the numbers bear out a strong third of fourth quarter bounce back. Now I could be wrong, but all the signs point to recovery sooner rather then later.
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