The housing market has just been thrown another curve ball.
Just like this…
We’ve gone from a red-hot seller’s market where homes were flying off the shelves and fetching premium prices…to a buyer’s market where the tables have flipped and buyers are now in the driver’s seat.
In fact, in a recent study by Redfin, we see that 42% of sellers offered at least one concession to buyers. In other words, sellers are having to bring a lot more to the table in order to attract a buyer.
It’s a whole new ballgame now.
What does this mean?
It means that buyers can finally…
- breathe a sigh of relief
- take their time finding their perfect abode without feeling the heat of a fierce competition
- no longer have to ‘wait out the storm’ and put off buying their new home
If you have been wanting to find a new home, then now is a good time to start house hunting. You’ve now got leverage on your side.
And if you want help getting pre-approved, then give us a call!