Today’s housing market is slowly improving. However, this has actually created a new problem for those who are interested in purchasing homes for sale in Virginia. No longer are there a shortage of buyers but now there’s actually a shortage of homes for sale in Virginia. This has led many people to spend a lot of their time visiting open houses and making offers on properties that haven’t even been listed yet. Of course, the result of this is a bidding war on homes for sale in Virginia.
This doesn’t mean that homes for sale in Virginia don’t exist. It does mean that there are less homes for sale in Virginia now than when the real estate bubble was at its biggest. In fact, the National Association of Realtors says that the number of homes for sale in Virginia is the lowest since April 2006. This means that people who are searching for homes for sale in virginia not only have to spend longer doing so but they also have to spend more money to buy homes for sale in Virginia.
While there’s definitely a down side to there being fewer homes for sale in Virginia, there’s also an up side. The up side to there being fewer homes for sale in Virginia is that the hard hit real estate market is now growing more stable than it has been in years. However, there’s definitely still a shortage whenever it comes to homes for sale in Virginia and this is due to the fact that the foreclosure wave was expected to drop a lot of new homes for sale in Virginia onto the market but this wave never actually occurred. This is because fewer homeowners are defaulting on their mortgages since more banks have been able to find better ways in which to manage the properties that they have on their books.
