Housing Supply & Mortgage Rates are Down, While Demand is Up

The sun is out, birds are chirping, and prospective home buyers are venturing out to find the perfect home for their family. Home buying season starts around the same time every year, the difference this season is that there are 3 percent less homes available than last year across the country. “Low inventory, strong demand and tough competition will be defining characteristics of this year’s home shopping season,” according to Zillow Chief Economist Dr. Svenja Gudell. “Even though interest rates...

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