I
f you haven't heard, Seattle is experiencing a bit of an inventory shortage.
Seattle isn't alone in this situation as many major metropolitan areas,
particularly in the West, are experiencing the same. Will it last? Or will
sellers who have been sitting on the fence fill the gap? It is difficult to
say. While sitting it out for a while is definitely an option in a hot market,
buyers must also consider that demand almost always leads to increases in price.
Should interest rates tick up as well - even a little - it could substantially impact
purchase power for buyers who must obtain loans. Trying to time the market (or
inventory, for that matter), could be costly.
Tips
Buying
Tight
Market
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