Top tips to help first-timers navigate the fast-paced US housing market
(BPT) – The US housing market is picking up pace moving into the peak of the summer home-buying season.
In city after city, home prices are on the rise, up 2.3 percent on average between April 2017 and 2018, according to the RE/MAX April 2018 National Housing Report. And there are fewer houses on the market to choose from, with total housing inventory down by 11.3 percent.
Based on home sales in April 2018, the national supply of inventory was at 2.5 months, making it a strong seller’s market. (A 6-month supply of inventory historically indicates a market that is balanced equally between buyers and sellers.)
What’s fueling the demand? More members of the millennial generation View full post…