Home prices are rising at their fastest pace in almost three years. The index has increased by 6% in the past year accord to Corelogic and S&P Dow Jones Indices, a pace which is not so great for home buyers. With home-buyer demand growing and our nation’s housing inventory shrinking, prices seem to have no where to go but up. This is creating quite a competitive environment for buyers. Success in the current market will only come to those that are prepared and pre-qualified.
Eventually inventory will grow to meet demand as more inventory is built and sold back into market but for now the best option for those looking to buy is to do the right research and be patient. To learn more about our pre-qualification and approval process, click here. Feel free to give us a call as well. Our expert Loan Strategists would love to walk you through the process and get you one step closer to becoming a home owner.