Learn more about Memphis real estate.
In a seller’s market, appraisals can sometimes fall behind the fast-paced market and rising home prices. An appraisal gap is a difference between the actual appraisal and the contract price. Is it possible to avoid covering the gap?
Housing inventory has been historically low. During the summer months, supply began to increase slightly. With new listings come more choices for homebuyers and more competition for sellers. Builders are doing their best to keep construction pace up to the demand for new inventory to arrive in the coming year.
The housing market has seen a fight for available homes from buyers all over the nation. The limited number of homes on the market put a persistent strain on buyers all year.
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