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Spring Housing Market Stifled By Herd Behavior

A healthy housing market, balanced between buyers and sellers, is considered to be one with about 6 months of inventory. Today, there is just a 4.6 month supply, but at the same time, many homes on the market aren’t moving — they’re going stale (where “stale” is considered anything that’s been on the market longer than a month). According to CNBC  two things are driving this, both artifacts of the housing bubble and bust. First, everyone is more data driven, and data is more widely available. Second, the housing market is now seeing the kind of herd mentality we’re used to seeing in the stock market. Are you missing an opportunity, on either side of the buy–sell equation, because you’re caught up following the herd?

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Jeffrey Halbert - First Home Mortgage
3240 Ferry Landing Road
Suite 201
Dunkirk, MD 20754

Phone:
(301) 327-5803

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This is not a commitment to lend. Terms and conditions of programs, products and services are subject to change. All loans are subject to credit approval and property appraisal. Certain restrictions may apply on all programs. First Home Mortgage Corporation of America, First Home Mortgage Services, and First Home Mortgage Company of Maryland are d/b/a's of First Home Mortgage Corporation. First Home Mortgage Corporation is licensed in Connecticut, Delaware, District of Columbia, Florida, Georgia, Indiana, Kentucky, Maine, Maryland, Massachusetts Mortgage Lender and Broker (Lic. #MC71603), Michigan, New Hampshire, Licensed by the New Jersey Department of Banking and Insurance, North Carolina, Pennsylvania, Rhode Island Licensed Lender and Broker, South Carolina, Tennessee, Vermont, Virginia, West Virginia. Equal Housing Lender. First Home Mortgage Corporation NMLS ID #71603 (www.nmlsconsumeraccess.org). Privacy Policy.