Inventory Levels Easing As Home Prices Rise, Negative Equity Retreats

More and more buyers have jumped into the market, causing the supply we once saw to dwindle quickly. Bidding wars have ensued for some houses due to this shortage. Seller confidence has also risen, causing more people to list their homes. Home prices are higher than they were a year ago which is allowing sellers to list at higher prices. The overall price increase in the real estate market has lifted the value of other homes and entire neighborhoods. More borrowers have also become right-side on their mortgage. Increasing prices has had a positive effect on the housing market overall. Read the full article here: