Two biggest issues in today's housing market in Northeast Arkansas? It really boils down to not enough houses on the market. And there's really two good reasons for this.
One is what we call rate locked homeowners. So, the average interest rate that a homeowner has right now on their house is less than 4%. Compared to today's interest rates it's going to be pretty hard to give that up.
The other thing is fear of not finding something else that they like. So, if they are going to sell, they're not really thrilled with what else they're seeing on the market.
So, we have multiple ways that we can overcome this. But what does this mean for you today? Well, today's homeowner is equity rich, so you have more money available when you sell your house now than you ever have, statistically speaking.
So how are some ways that we can overcome that? Let's pick up the phone, talk and we have multiple options for those of you who are interested in moving, but just not exactly sure how to overcome some of these obstacles.
