More Home Buyers Can Expect Less Competition

Lowest Sales in Two Years

28 July 2022
According to the Consumer Price Index, inflation is the highest it’s been in 40 years, and no doubt it has adversely impacted your budget. But how is it affecting the home you want to buy?
Inflation has fewer people using mortgages to purchase homes, thus creating less competition among homebuyers as they increasingly turn to alternative funding like Compass Bridge Loans.

What’s more, if inflation remains elevated, a dollar today will be worth more than a dollar tomorrow – or any dollars being spent during a 30-year mortgage. Most Sellers prefer cash offers, where nearly 20% of home sales nationwide involve cold hard currency.
All-Cash Home Purchases and Inflation
Compass gives you the edge in real estate to find a place you love, improve your negotiating leverage, and secure the property fast and for the best price. Get in touch with us below to get started today.

Portia Green, REALTOR®

Portia’s clients all have a similar story. Most likely, you met her huddled around a tablet at the dinner table yet she feels like a friend. Her personable nature and easy going approach attract Sellers and Buyers alike, in what can be a stressful and emotionally charged event. A talented REALTOR® with 15 years experience, Portia is just as excited about real estate today as she was with her first transaction. She remains ever-committed to helping her clients find their place in the world and helping busy people navigate this crazy real estate market like a pro.

Related News

When Will Interest Rates Go Down?

We tackle the question that’s on everyone’s mind — When will interest rates finally come back down? Are we doomed to high interest forever?

Preparing A House for Showings

While cleaning is the most obvious step in preparing your house for showings, it’s only one of several things to do before inviting Buyers inside.