Sellers overall moved a median distance of 20 miles, with older boomers traveling the furthest at 75 miles.
Not exact matches
Tweet For the first time in 5 years the
OVERALL Austin market has
moved from an Extreme
Seller's Market (less than 3 months of inventory) to a Normal
Seller's Market (3 to 6 months of inventory).
There is no question prices are too high, however,
overall there isn't enough inventory to force
sellers to lower prices sufficiently to
move prices downward
overall (different then price reductions because initial price was too high - we are seeing more of that already).
«While interest rates and
overall housing affordability remain very favorable on a historic basis, the decline in the latest HOI is a positive development because it is another signal that the housing recovery is starting to take root, and it lends needed confidence to prospective buyers and
sellers who have been reluctant to
move forward in the current marketplace,» says NAHB Chairman Barry Rutenberg, a home builder from Gainesville, Fla..
For the first time in 5 years the
OVERALL Austin market has
moved from an Extreme
Seller's Market (less than 3 months of inventory) to a Normal
Seller's Market (3 to 6 months of inventory).