Entry-level homes in hot demand

About.com predicts this is the year where “there will not be enough homes available for sale to meet the demand.”

I’ve been seeing it already. The housing demand is growing and the supply is dwindling. Here’s why:

  • People recovering from foreclosures are ready to buy again
  • The economy appears to be recovering
  • Mortgage rates have been at all-time lows

The problem is that first-time home-buyers, investors and people recovering from foreclosure are all going after the same types of houses.

The Good News

If you have an entry-level house to sell, your house might be in high demand.