I have talked with several realtors here in the Columbia, Missouri area to keep an eye on the local housing market. After these conversations I am left with the feeling that this market has got to be the best one for buyers in a really long time. Currently we have over 3800 houses listed for sale over many different price ranges. Think of all those choices for the buyer!
Whenever the marketplace has a large supply compared with demand, deals should start happening as the power shifts to the buyer. This hasn't happened to a large extent here in Columbia, but I believe that it is just a matter of time until the buyers realize the power that they have to negotiate. Usually, the market will swing quickly back to an equilibrium allowing both seller and buyer to be on equal footing. So, now is definitely the time to make that move up if you are able.
Great markets don't last forever for either side of the transaction. Happy house hunting!
Your comments are always welcome
Brought to you by Professional Mortgage Group, Inc. in Columbia, Missouri.
Whenever the marketplace has a large supply compared with demand, deals should start happening as the power shifts to the buyer. This hasn't happened to a large extent here in Columbia, but I believe that it is just a matter of time until the buyers realize the power that they have to negotiate. Usually, the market will swing quickly back to an equilibrium allowing both seller and buyer to be on equal footing. So, now is definitely the time to make that move up if you are able.
Great markets don't last forever for either side of the transaction. Happy house hunting!
Your comments are always welcome
Brought to you by Professional Mortgage Group, Inc. in Columbia, Missouri.
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