It’s a seller’s market and inventory is limited, so why should any homeowner take the time to renovate their home? A seller’s market means that there is a shortage of goods available for sale. When that happens, prices typically increase steadily or rapidly, depending on the goods for sale, while inventory files of the shelves – the law of supply and demand. This is no different in the housing industry. When real estate reaches a seller’s market, homes can enter and leave the listing agencies in the same day, sometimes within hours. So, should you consider a home renovation in a seller’s market? Well, that depends. Are you also looking to buy a home? [Read more…]