With everyone wondering when we’ll “hit bottom,” and when inventory will begin to tighten, The Baltimore Sun published an article today that indicates buyers may be beginning to finally feel competition again:
“April Longest had a lot of reasons to move from an apartment in Hampden to a house of her own: low interest rates, a first-time-buyer credit and a monthly payment not much higher than her rent. But one of the biggest motivators of all for buying a semi-detached rancher in Medfield last month came from her competition – other buyers.”
“Stephanie Yungman, a real estate agent with Zip Realty, said business began picking up in mid-March. She said buyers appear to be more motivated than they have been in months, and it’s become more common for the more aggressively priced homes to get multiple offers. ‘There were even a couple of times I was saying I feel like we’re in the boom again,’ Yungman said.”
Read the entire article here.
