It is pretty official…  those parties that are interested in purchasing a new home are finding the reality of a “Seller’s Market”.  Interest rates remain low, and added to the equation, inventory of available properties is low.

Tara-Nichole Nelson, writing for Trulia introduces some obvious reality checks on what can be an outcome of purchasing a home in a seller’s market:  price creep.

“Price Creep” is a natural indication of the seller’s market.  However, one little detail typically keeps a budget on track:  the chat with the Lender / mortgage broker that is running the numbers, and the Lender underwriting the loan.  It may seem to date, that the Lenders may have not totally forgotten the financial meltdown of 2008.

Here’s the link to Tara’s detailed article: 

<a href=“http://www.trulia.com/blog/taranelson/2013/04/4_mind_over_money_strategies_to_manage_price_range_creep?ecampaign=cnews201304A&eurl=www.trulia.com%2Fblog%2Ftaranelson%2F2013%2F04%2F4_mind_over_money_strategies_to_manage_price_range_creep”>CLICK HERE</a>