In a recent survey conducted by the National Association of Realtors® (NAR) of it’s Realtor® members asking their perception of the overall real estate market, buyer and seller interest, real estate prices, and sales for existing homes for sale and condos for sale.
Respondents indicated interest from buyers has been medium to strong across most of the country. With an exception in the Northeast region, only a few states reported interest was weak. On the other hand, in the state of Oregon, Realtors reported buyer interest was exceptionally strong.
The study reports that “sustained job creation, low interest rates, three percent down-payment loans and lower mortgage insurance premiums for FHA loans are spurring continued buyer demand for purchases.
Despite the encouraging news during the winter months, there is a negative. Realtors® have indicated a shortage of inventory for lower priced homes and move-in ready homes which results in fewer choices for buyers which has caused an increase in home prices making them less affordable.
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