The Motria Group's Market Blog: Big demand and no product
Monday Apr 09th, 2018Share
Big demand and no product - why is the market not moving better. One would think that with the lack of product and the number of buyers the market should be very hot right now. Well it is and it isn’t. Some houses are getting bidding and selling very well and others aren’t. The new financing rules have made it more difficult to get a mortgage so this has created uncertainty for buyers. Depending on location, selling a house for top dollar is no longer a given. Hence, some buyers are now thinking that selling before buying is a good idea. These conditions have created what one would describe as a spotty market. Perhaps sunshine and warmer weather will heat things up.