
If you’re a prospective homebuyer, you’re probably already somewhat familiar with the terms “buyer’s market” or “seller’s market.” The former situation occurs when the housing supply exceeds the demand, a situation that favors the buyer. But when the housing supply is more limited, a homeowner may receive multiple offers on their home, a market more favorable to the seller.
Perhaps you’re looking for a home and are finding that you’re often outbid. In a tight housing market, sellers may ...
Read More