As a real estate agent, I have experienced many ups and downs over the past 20 years.
Our local supply and demand trend shows that a low historic inventory of homes for sale, coupled with historic low interest rates, will continue to drive up sales prices in the foreseeable future.
At the time of this writing, there are less than 100 second-hand homes to choose from from in Lincoln. This is a low availability record. Of those homes they are selling, half are selling in two days or less.
Some national experts predict that things will get worse in the fourth quarter of 2021, mainly due to foreclosures that have been delayed, coming for sale. Many homes that are under duress and would normally enter the market are delaying …
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