If you’ve decided to buy a home, good luck to you. Your challenge will be not just finding a home you like, but also beating out all the other home buyers who like it and want to make an offer on it, too.
The number of homes for sale is low nationwide, particularly in the price ranges desired by first-time homebuyers. The latest figures from the National Association of Realtors show that that there was only a 4.5-month supply of homes for sale in March, which is lower than the six-month supply that indicates a balanced market. In today’s market, you need to be strategic. Learn more on how to buy a home right now on our sister site, Living on the Cheap.