Low Housing Inventory + Low Rates = Bad For Buyers
👉Texas A&M Real Estate Research shows low Texas housing inventory of just 3.9 months available as of February 2024. This is still very much a sellers market and 2.1 months short of inventory that would give us a balanced market, where both buyers and sellers equally benefit.
🔑Waiting for just a slight lower drop in interest rates could flood the market with buyers, significantly reducing our already low inventory.
Learn more about the potential drawbacks in waiting for interest rates to drop here: • Things to Consider Before Waiting For...
#HousingInventoryLowRates #ThingsToConsiderBeforeWaitingForRatesToDrop #CostOfWaiting #HousingStats #HoustonMortgage #TexasMortgage
For more info on how we can provide you with a successful home purchase, refinance or home equity loan (HELOC) mortgage experience, please visit our website: http://www.HTXMTG.com
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Edward Foy: H Mortgage
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