👀 Mortgage rates dip slightly higher mortgage rates are creating headwinds in the market. Dr. Lisa Sturtevant, the Bright MLS Chief Economist, shares her insight.
👉Low inventory over the past two years has made it incredibly challenging for buyers. Despite rising mortgage rates, buyers still remain active in the market. There is some good news that available inventory may be starting to expand in some local markets. In April 2022, inventory was down just 1.3% year-over-year across the mid-Atlantic. But there were some places where inventory is up significantly compared to last year. Where are the local markets where buyers can find more options?
👉If you are looking to sell or buy a home check out with your local real estate Agent first in Philadelphia the market price change from time to time
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