MORTGAGE INFO VIDEO

Market Conditions

Pay attention to market conditions – they will have a definite impact on your position as a buyer. The info below lists the influences that different conditions may have on you. Impact and expenses may vary, depending on your area.

• Buyer's market:                           The supply of homes on the market exceeds the demand.

• Seller's market:
  There are more buyers looking to buy a home than there are homes on the market.

• Balanced market:
  The number of homes on the market is equal to the number of buyers.