Inventory of Homes in Georgia and Around US Remains Tight

The inventory of homes for sale in Georgia and around the US-- adjusted for population increases-- is now at its lowest level in nearly forty years. Today, US homeowners typically remain in their homes longer than in years past, contributing to the shortage of homes on the market. The typical homeowner remains in his home for 13 years, up from 8 years in 2010. The resulting low inventory contributes to rising home prices. The housing market remain sluggish around the country, despite low home mortgage interest rates and high levels of home equity, due in part to low inventory levels.

Purchasing a new home? Refinancing a home mortgage loan in metro Atlanta or anywhere else in Georgia? Contact, Peachtree Mortgage Services, Inc. at 770.481.0052 or peachmtg@bellsouth.net.