Sunday, March 22, 2009
That's the first sentence in a CNBC web article, highlighting the historically low mortgage rates and the expected influx of new listings (eg inventory). One possibility, highlighted in the article, is that folks will 'move up' to a larger home. Although they will receive less that they hoped for their current home, they will be able to get the 'new' home for a bargain price AND with a great mortgage rate. Check out the CNBC article.
Here on the Outer Cape, inventory sees a normal seasonal uptick. Lets hope that the lower mortgage rates translates into increased buyer demand.