Though many home shoppers who assume they are still in a buyer’s market find it hard to believe, one of the sobering fundamentals shaping real estate this summer is shrinking inventory: The supply of houses for sale is down significantly in most areas compared with a year ago, sometimes dramatically so.
And that is having important side impacts — raising prices and homeowners’ equity stakes, and reducing total sales.
It’s a good time to be a seller ~ Seattle Times
Mortgage rates hit another record low ~ CNN Money
What can go wrong in an open house? Everything, readers say ~ Seattle Times