Current market conditions are favorable for homebuyers, particularly for move-up buyers and investors. Many move-up buyers and investors have significant equity in their current properties.
With interest rates that are considerably lower than they were a year ago, and more properties to choose from, buyers are finding they have more options to trade up than they’ve had in years.
In the past year, there have been more homes for sale in all market areas than the previous year—an increase of 24 percent.
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