When real estate inventory levels drop considerably, home prices tend to go up.
Not exact matches
When the
inventory gets down to 3 % it will be time to start speculating on homebuilders and mortgage lenders again, but
real estate prices won't start rising in aggregate until the
inventory of unsold homes gets below 1.5 - 2.0 %.
It is clear that the glass is half empty in energy from the
inventory and Chinese demand concerns,
real estate is one of the worst impacted sectors from rising rates, and consumer staples is basically a defensive play so
when there is expected growth, the market may lean towards consumer discretionary.
According to one New York - based
real estate broker, overpricing a property works best
when inventory is low.
So Jones, who first got involved with foreclosures five years ago, was poised for action
when inventories of so - called
real estate — owned properties began to escalate over the past 12 months.
However,
when you see that absorption of existing
inventory and the competitive nature of the buyer start flowing, then we'll be able to swing back philosophically and folks will once again see the
real value of
real estate as a long - term appreciation vehicle and a forced savings account and equity builder.
I think
real estate professionals are going to be caught of guard next year
when low
inventory meets even higher demand.
«Demand is still outpacing
inventory in housing that's listed for sale under $ 300,000, but
when you get above that mark that's where we're seeing the softening in demand,» said Cynthia Silver, a
real estate agent with Century 21 Martinez and Associates.
Real estate agents are still fretting about a lack of quality
inventory in some parts of the housing market, and the shortage continues to drive up prices.That's good for the seller, but what happens
when it comes time to have that property appraised?
When you combine that with the somewhat limited housing
inventory in the Houston area, you have a
real estate market that tends to favor sellers over buyers.
«
When you have an
inventory of roughly 100 properties for sale and another 100 under management at any time and a relatively small staff, everybody in your office is constantly talking
real estate to customers.
Any
real estate pro will tell you that listings are as good as money in the bank, even these days
when property
inventories are often plentiful in most markets.
When real estate markets correct,
inventory levels rise, providing buyers choices instead of frustrating bidding wars.
I also make notes on all semis and town homes in my farm, because
when it comes to selling, it's up to me to find the
inventory and to do the «
real estate hustle.»
Good
real estate agents know the ins and outs of the market, which is especially helpful
when you're shopping for a home in an area with low
inventory.