10/5/2015 - 10/11/2015
The market is continuing to trend in favor of the homebuyer. This isn't to say that home values are decreasing, but the recent hike in inventory seems to have leveled them off for the time being. While homes are still being sold very quickly, we're starting to see only a couple offers submitted at each listing rather than the 6 or 7 that had become standard earlier in the year.
It will be interesting to see if there is another surge in demand in the coming months. Some armchair economists have predicted that a wave of homebuyers will hit the market at the end of the year in an attempt to lock down a low mortgage rate before the Fed bumps up their rates. The Fed is expected to increase rates at the beginning of next year, which will likely put at least a little upward pressure on mortgage rates.