Housing Market 2020 Historic Low Inventory, Stressed Buyers and Low Mortgage Rates

There is a major housing shortage of affordable real estate for purchase in many parts of Maryland. The most needed supply of homes, in most markets, are entry level to mid price range housing. Houses in these price points, sell fast, at the highest market price.

Buyers negotiating on high demand houses, can experience excessive stress in multiple offer situations. Sometimes buyers are losing 1-2 homes during negotiations, before finally getting an offer accepted. This is exactly why buyers and sellers need an experienced REALTOR® to help them to successfully navigate their transaction.

Experienced REALTORS® will help to insure their buyers or sellers are properly prepared and informed during all negotiations, inspections, contingencies, and more.

Fortunately interest rates remain competitive. Low interest rates have helped year over year, to boost home sales, as well as home prices. Financial experts are indicating that interest rates will remain at an all-time low as we continue into the new year.

“Real estate fundamentals remain entangled in a lattice of continuing demand, tight supply and disciplined financial underwriting. Accordingly, 2020 will prove to be the most challenging year for buyers, not because of what they can afford, but rather what they can find.” – George Ratiu, Realtor.com’s senior economist

What has been your experience with home inventory? We appreciate your comments, questions and knowledge.

Interested in buying or selling? Sachs Realty has experienced, professional, full-time REALTORS®, ready to serve you. Drop us an email, direct message or call us at 443-318-4514.

About Todd Sachs (36 Articles)
Todd Sachs, Broker of Maryland's Sachs Realty, has been serving the real estate and construction industry since 1989. Currently Positions: -Broker and President of Sachs Realty -President and CEO of Construction Services, Inc -President and CEO of Botanical, Inc For over 25 years, Todd Sachs has developed, designed, built, bought and sold a broad range of real estate. As a Maryland native, Todd grew up in Baltimore County and understands the Maryland real estate industry thoroughly. He is familiar with all aspects of commercial and residential land development, condominium development, residential and commercial flips, industrial and office development and rental properties, both residential and commercial. Todd is a landlord of both commercial and residential properties and is currently developing retail condominiums, building commercial buildings, single family homes and flipping residential properties. Todd Sachs created The Sachs Report as an in-depth look into the Maryland real estate market. Please follow the Sachs Report to stay informed.

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