Trying to Buy a Home? This Move Could Help You Snag One
During the second half of 2020 and all of 2021, mortgage rates sat at some of their lowest levels in history. These days, rates are still competitive in their own right. But since the start of the new year, they've been higher than they were at any point in 2021.
That's not stopping buyers from scooping up properties, though. In January, the average home spent just 61 days on the market, according to data from Realtor.com. That's the fastest sale pace ever recorded.
Of course, quick sales are a great thing for sellers. But the rapid pace at which homes are flying off the market is creating a challenge for buyers. That extends to everyday buyers and real estate investors looking to build out their income property portfolios.
Source Fool.com
