There’s been a slight increase of homes on the market, but buyers who got a 3% mortgage when they bought their home likely don’t want to give that up.
Which means a lot of people who considered selling their homes, are now hanging onto them as rentals instead.
They want to hold onto the mortgage (rate) and get somebody else to pay the rent.
That means there could be a lot of inventory locked for years to come.
So, did you miss out on timing the market? Don’t count yourself out of homeownership yet. The best time to buy is when you can personally afford to do so.
Need help navigating the process?
Don’t hesitate to reach out.
Your Palm Harbor Realtor,
The Fazzini Group | ReMax Realtec