Inventory has declined almost 10% recently. Due to such steep discounts in home prices and low interest rates, buyers who had been waiting on the sidelines to purchase are jumping into the marketplace. With some properties so "affordable" the pool of buyers now find themselves in a multiple bidding scenarios not seen since the "boom years" of the real estate market.
That is truly a sign of a bottom of the market that so many have been looking for. Finally buyers can move forward with confidence of getting in at the right time and the right place.
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