Housing Supply Building Quickly... Will it Cause the Real Estate Bubble to Pop?
Today in BusinessWeek there is an excellent article regarding housing supply and a possible housing bubble. The article indicates... "During the second half of 2005, the supply of new single-family houses available for sale has been growing at the fastest pace since the mid-1980s" while "Making matters worse for homebuilders is a surge in the number of existing homes for sale, up 20.6% from a year ago. The rising inventory will suppress overall home price appreciation".
What is important to those thinking of selling your home FSBO is that you can be at a distinct advantage because as inventory expands there are more listings competing against each-other. Selling FSBO allows you to price your home (1-2%) less than the surround real estate listings for sale with REALTORS making your home more attractive and possibly selling faster, thereby saving you mortgage interest and time.
What is important to those thinking of selling your home FSBO is that you can be at a distinct advantage because as inventory expands there are more listings competing against each-other. Selling FSBO allows you to price your home (1-2%) less than the surround real estate listings for sale with REALTORS making your home more attractive and possibly selling faster, thereby saving you mortgage interest and time.
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