If you've ever thought that buying a home was out of reach - think again! Did you know that these days buying costs are actually significantly less than the monthly cost of owning a home?
If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control. The inventory of homes for sale in the luxury market far exceeds those searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer which can eventually lead to a price change.
Six months ago, we reported that there was a mismatch between the type of inventory of homes for sale and the demand of buyers in the US that was causing the formation of two markets.