When Will Home Prices Fall?
Real Estate Tip:
Avoid poorly designed homes--this is often referred to as functional obsolescence. Functional obsolescence reduces the desirability of your home and makes it more difficult to sell. Here are some examples that you should steer clear of:
1) No bathrooms on first floor
2) Bedrooms with no closest
3) Knob-and-tube wiring or fuses instead of a circuit breaker box
4) One outlet per room
Real Estate Insight:
US Housing inventory at the end of December 2020 declined 16.4% from November and declined 23% from one year before.
