While buyers now hold more power in negotiations, Bell points out a significant issue facing Middle Georgians, a lack of inventory. MACON, Georgia (41NBC/WMGT) –The housing market is experiencing a shift, real estate experts noted a shift towards a buyer’s market in several cities nationwide for the first time in over a decade. According to
The economics of inventory At its core, the housing market follows the basic rules of economics. When homes are scarce, demand pushes prices higher. When inventory grows, buyers gain leverage, often leading to more negotiable terms and softer prices. Short-term spikes vs. long-term shifts Low inventory often results in multiple offers and competitive bidding, which
I’ll still play an advisory role and will continue to contribute to HousingWire with a monthly column on the market. If you’re not a HousingWire subscriber, please join us. I will also continue to share regular insights on the housing market via my own social channels, including Twitter and LinkedIn. Make sure you’re following me