Week in review

It's been a busy week. Why?

- Rates are super low. Depending on your credit (and other factors) rates can be as low as the high 4's.

- Inventory is high. There are a lot of houses on the market and more coming on quickly. There are a lot of houses still on the market that are over-priced or in poor condition but the nice ones that are priced right are selling!

- Home prices continue to decline. Bad news for sellers but good news for the market in general. Prices are coming back to where they should be. That will be good for the market as buyers see value and buy. Prices will come back when inventory is lower (high inventory = low prices, low inventory = high prices)