Housing inventory plunged during the pandemic, but there’s been a recent uptick.
Rising inventory, of course, gives home shoppers a little more breathing room. And boy, do they desperately need it: For much of the pandemic, homebuyers have been pitted against one another in the tightest housing market in recent memory. The lack of inventory, which hit at least a 40-year low this year, has spurred bidding wars across the nation. Here’s the article that explains more about this and why borrowers are opting to sell.
This recent rise in inventory, of course, gives home shoppers a little more breathing room. If you are currently in the market to buy, we can help with getting you pre-approved today.