Real Estate Today opens doors for buyers and sellers with critical and credible information on the real estate market. It’s fast paced and fact packed with experts, interviews, call-ins, field reports, and timely market conditions. The latest episode is Inventory! It explores what it means to sellers:
If you own a home, or if you’re planning on selling your home – low inventory is good news for you. The reason is, with lots of demand for homes – and not enough supply – prices just keep going up! The National Association of Realtors® says that in the past year alone, median prices have risen more than 6%.
For homeowners, that means the market value of your home is rising too. Even if you have no plans to sell, the value of your home is getting higher every year. That means that your equity is rising….and your LTV – your loan to value ratio is dropping.