Since 2015, millennials and baby boomers have largely influenced the residential real estate market which has resulted in the toughest buyer’s market today in the last decade. Throughout the US, available housing is near 20-year lows and prices keep soaring.
2017 is definitely a seller’s market in Texas and South Carolina. It is common to see open houses filled to capacity, intense bidding wars, and multiple offers above original asking prices. As a result, those looking for an affordable home in a seller’s market can experience quite a stressful and burdensome process to find homes they are compromising for.