Less Debt + Low Interest Rates = More Buying Power: A Winning Equation
By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
Less Debt + Low Interest Rates = More Buying Power: A Winning Equation In marketplaces where high demand for home buying is coupled with a short supply of homes for sale ... additional factors are pushing prices higher ... The short supply of homes now available for sale in many of the areas across the U.S. weighs heavily in the equation. The National Association of Realtors recently reported that, in September, the total housing inventory in the U.S. hit a new record low. There was just a 2.7 month supply of homes available for purchase during the month of September. That rate sunk even lower in October, falling to...