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Today I wanted to discuss the theory of supply & demand. As we all learned in school, when you have a small supply of something that is in high demand, you can trade it for a high price. According to the National Association of Realtors, buyer demand for homes has tripled from January 2014 to January 2015.
This huge increase in demand is probably driven by a lot of factors. Consumers are feeling more confident in the market, and affordability is sky-high right now. Interest rates are incredibly low, and new loan products from Fannie Mae and Freddie Mac only require 3% down on a home purchase.
What's even better for us here in Vero Beach is that inventory is extremely low, so if you're selling, you can catch a high price for your home. There will be a lot of buyers looking to purchase good homes, and if your home is staged correctly and marketed well, you can get top dollar for your home.
As always, please contact me with any questions or concerns you might have about real estate in Vero Beach!
