Son Ahlers: Tight Money Market
Mikel Bethay: buyers market is just a glut of homes on the marketsellers market is when the inventory is low. Rates are market dependentI am a mortgage banker in TN &KY
Verdie Wollen: Tight Money Market: Mortgage lending is stringent and loans are difficult to get.Buyer's Market: The buyer often dictates the terms because of an oversupply of available listings and few potential buyers.Seller's Market: The seller dictates the terms because of a lack of listings and lots of potential buyers. A tight money market is more likely in a buyer's market and can lead to recessionary trends. The economic term is "suppy and demand". When the supply is heavy, prices go down. When the supply is limited, prices go up. This follows in all types of buyer/seller situations including retail, agriculture and real estate. ...Show more
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