10/18/2024
Ever heard of the terms “low inventory” and “low-interest rates”? Today we’re going to cover what each of these terms mean, so get out your real estate notebook and jot them down. 🤓
✅ Low Inventory refers to when there aren’t enough houses on the market to meet the demand. AKA, there are more buyers than houses available. This most likely indicates the market is in a seller’s market, which means you can expect more competition, more bidding wars, and higher price tags.
✅ Low Interest Rates means a relatively small percentage or rate that’s placed on your loan. Low interest rates are great for homeowners because less amount of money has to go towards their monthly house payment, giving them more buying power.
Your Favorite Realtor 💋
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Kadijah Cohen
📞 857-261-7130
📩 [email protected]