Bidding Wars for Homes May Return in 2020

According to a recent report, low mortgage rates and tight inventory could result in a return to bidding wars in some real estate markets in 2020. Home buyers will have fewer homes to choose from, leading to more competition for homes and price increases of up to 6% in the first half of 2020. Rising prices, however, may alleviate inventory issues in some markets as more homeowners are tempted to list their homes on the market.

Hoping to buy a new home before prices increase? Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or to discuss our easy mortgage loan application process and low interest rates.