For years, the housing market has been marked by low inventory and rising prices, causing many first-time homebuyers to hesitate. However, things are changing. Starter homes are increasingly becoming available in the market.
Affordable Homes are Becoming More Accessible
Over the past year, housing inventory has steadily increased. According to Realtor.com, by November this year, housing inventory was up 26.2% compared to the same time last year, marking the highest inventory since December 2019.
What’s especially notable is that this increase isn’t uniform across all price ranges—**starter homes** have seen the largest growth in inventory. Data from Redfin also shows a significant rise in starter home listings.
If you’ve been thinking, “I don’t think I’ll be able to find a home within my budget,” this shift could be a game-changer. With more options available, your chances of finding the right home within your budget have increased.
It’s Easier with an Experienced Agent
However, just because inventory is increasing doesn’t mean finding your first home will be easy. Buying a home for the first time is a complex process, and working with a local real estate expert is crucial.
• An agent can quickly provide the latest listings, ensuring you don’t miss out on opportunities.
• They’ll filter homes that match your budget and needs, saving you time and effort.
• They offer expert advice during negotiations and the contract process to help you get the best deal.
• They’ll handle important details like paperwork and deadlines with care.
• Whenever you have questions or concerns, you’ll have a trusted professional to guide you.
Conclusion
With starter homes reappearing on the market, now is the perfect time to find your first home. Whether you’re browsing listings or consulting with an expert, take the next step towards making your dream home a reality.
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