First-time home buyers looking to own instead of rent may find today's local real estate market to their liking.
Driven by the lowest interest rates in decades, homes are moving fast in the Hastings real estate market.
Gretchen Esch, a real estate broker with Town and Country Realty at 700 Eastside Blvd., said first-time buyers are finding that it is actually cheaper to buy than rent in today's interest-friendly market. And with more buyers than sellers of late, homes priced to sell are doing just that. And fast.
"I would say, if anything, there's a shortage of homes on the market," Esch said. "Buyers have to be ready. If things come on the market and they are priced right, they seem to be selling in pretty short marketing time."