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What happens when you combine record-low mortgage rates, low housing inventory, lightning-fast sales, and soaring price gains

A real tough time if you’re in the market to buy a home. 

For prospective homebuyers, these factors make it a seller’s market for the ages. 

Simply put, there aren’t enough homes to meet the current demand. “Total inventory levels got to an extreme low recently, and inventory has been falling since 2014,” says Logan Mohtashami, lead analyst with Housing Wire, a mortgage news and analysis firm. High demand creates bidding wars, further driving up home prices — and leaving homebuyers at a disadvantage. 

How long will this last, and when will the tides…

Read more…


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