News → Less Competition

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 the Housing Market Will Crash

As inflation and interest rates continue to climb, there’s lots of talk about the direction of the housing market and the potential impact on home prices.

Home Prices Are Finally Dropping

More than 25% of homes for sale on the market have seen their prices slashed. Is this the new normal – a more balanced and affordable housing market?