Inventory’s up for a second week in a row and some push back in Washington on the LLPA. We’ve got two amazing pieces of news coming out of the housing market this week after what seemed like a nonstop roller coaster of up and down overanalyzing data and market reaction.
We’ve seen almost 17,000 new listings come to the market in total nationally and more importantly locally in the Greater Philadelphia area, we saw just over 800 new homes come to the market over the past seven days, ending on Friday of last week.
That’s the biggest week of inventory that we’ve seen in months.
The second bit of good news is one after a week of uproar over the LLPA, borrowers with higher credit scores will not see that increase in fees.
Tune into episode 321 of Tom’s Take to find out what this inventory means for buyers and sellers and more details regarding the LLPA!