California Housing Shortage Actually Harming Competition

Everywhere you turn these days you hear all about how now is the best time to buy a house. Considering housing costs are at an all time low, buying now means greater profit potential later. Or so they say.

What is actually going on in California right now is that the supply shortage in the housing market is leading to increased prices. How could this be, you ask? Well, simply put, supply and demand is the reason this is happening. Home buyers have resorted to competing harder with each other, and as a result, they are bidding the prices on homes up higher than they would otherwise. So, before you jump on the buy now band wagon, consider this fact. Make sure not to underbid yourself, but also be sure not to overbid yourself. Take a good look at what your completion and the market within your competition is actually doing before making your move. Contact Karen Spechler today, and she will give you an insider scoop on the local market along with the best ways to maximize your earning potential on your future home.