Thursday, March 11, 2010
Reading Between The Lines; Move Up Ops Strengthen
Star Tribune Chips In With a Market Update
As I have been mentioning for months, the opportunity to move up is here! This quote really emphasizes the high demand for the lower price ranges and high inventory in the upper price ranges:
"Currently, there are six homes on the market for every buyer. But as mortgage banker Alex Stenback points out on his blog Behind the Mortgage (www.behindthemortgage .com), excess inventory is concentrated in higher-priced properties as well as in condos and town homes."
If you are an empty nester or just ready to go the condo townhome route, this dynamic presents a double reward for buying up!
Don Mailey
(952) 212-0968
Don@DonMailey.com
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