Keepin' It Real Estate: Buyers' Market? Beware
Is it a buyer's market?Ask most real-estate professionals the above question and the response will almost certainly be an emphatic "Yes!"After all they quickly explain inventory levels are at all-time highs sellers are desperate to get out from under their rapidly depreciating homes and mortgage rates are at historic lows. What more could buyers ask for?How about not losing their shirts for starters.The traditional definition of a buyer's market is one where supply outstrips demand pushing down prices: Buyers have the upper hand. As the bull market begins to wane however buyers lose their enthusiasm and become concerned about ...
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