If you’ve been waiting to buy a new home or investment property because of a lack of inventory, you might want to consider jumping back into the market. Interest rates are creeping up, but they’re still very low by historical standards. Rates for owner-occupied borrowers are about 4.75% to 5% and around 5.125% to 5.375% for investors.
More inventory is great for first-time buyers and people who gave up looking for a home because they couldn’t find the right property. As inventory increases, homes are staying on the market longer before they sell. Sellers whose homes have been languishing on the market for a while are more open to lower offers. This, too, presents an opportunity for buyers.
Call 720-408-7409 to start your search.