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Getting to a Closing in a Red-Hot Real Estate Market
Under the Iceberg
Under the Iceberg
Getting to a Closing in a Red-Hot Real Estate Market
Apr 16, 2022
Alan Rhode, CFP®, RLP®
The durability of the now two-year-old housing boom has upended just about everything about the process for buyers and sellers.
Despite consistently dwindling inventory and rapidly accelerating mortgage rates, the time houses spend on the market is close to historic lows. The average is 47 days – but there are markets where the list/open house/offer timeline can be less than a week.
How can a buyer find an edge?
