So the market’s recovering, interest rates are low, and you think you’re finally ready to buy a home? Not so fast. Buyers across the country are running into a new roadblock: there don’t seem to be enough homes for sale. Anyone who has looked at entry- to mid-level homes for sale in Stamford neighborhood probably knows what I mean. Mortgage rates remain near historic lows, and as the prices of homes for sale continue to rise, fears that we could soon see a repetition of a real estate equity loss seem increasingly unlikely. Why the lack of inventory? There are several reasons. Buyers may be ready to buy again, but somesellers are still not in a position to offer their Stamford homes for sale. When the housing market collapsed seven years ago, some homeowners’ equity loss was such that t...
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