We had twice as many sales this January as we did in January of 2011. Now those are numbers that we like to see. I am concerned about the inventory going so low that it will start to impact our sales volume. We are starting to find that we don’t have enough homes of a certain price range and style to show our buyers. The under $500,000 range is particularly sparse.
Interest rates remain the good news. Our last few buyers have been able to lock in rates at 3.75%. That makes principal and interest payments on a $400,000 mortgage, $1852/month. In some cases that is cheaper than rent. Amazing!
Let us know how we can help from here.
