More Potential Homebuyers Being Outbid by Other Buyers

Growing numbers of potential homebuyers are deciding to put off their search for a new home until inventory levels improve. According to a recent report, over 30% of potential home buyers say that they've located a property they want to purchase only to be outbid by other buyers. A year ago, only 15% of respondents said they had been outbid on a home. Low home mortgage interest rates have increased demand for new homes in Georgia and around the country while the Covid 19 pandemic has led to fewer buyers willing to put their properties on the market.

Peachtree Mortgage Services, Inc.   Contact us at peachmtg@bellsouth.net or 770.481.0052 to discuss your home search or refinance loan.   Home mortgage interest rates are still low!