Competition is coming! The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.7% over last year.
How will this impact buyers? More inventory means more options. Eventually, the pickup in single-family home construction will mean buyers will have more options. Especially with the limited number of sales right now, more options are really needed.
How will this impact sellers? More inventory means more competition. Today, because of the tremendous lack of inventory, a seller can expect: Continue Reading