«
With tight inventory conditions leading to stiff competition in several parts of the country and what's found online sometimes not entirely accurate, buyers are turning to REALTORS ® for expert advice and assistance in navigating today's fast - moving housing market.»
«
With tight inventory conditions leading to stiff competition in several parts of the country and what's found online sometimes not entirely accurate, buyers are turning to Realtors ® for expert advice and assistance in navigating today's fast - moving housing market,» he added.
Pending home sales slowed in August,
with tight inventory conditions, higher interest rates, rising home prices and continuing restrictive mortgage credit impacting the market.
With tight inventory conditions gripping most markets once again over the past year, sellers were considerably more successful finding a buyer in a shorter amount of time, with homes typically on the market for only a month.
Not exact matches
«Limited job prospects, student debt, and flat wage growth have combined
with tight credit
conditions and low
inventory to price millennials out of some of the top cities such as New York and San Francisco,» says Lawrence Yun, NAR's chief economist.
Despite a large pent - up demand from years of below - normal home sales,
inventory constraints and
tight credit
conditions continue to impede the market, in combination
with strongly rising home prices and higher mortgage interest rates.
When combined
with the scant supply levels for existing homes, these
tight inventory conditions continue to hamper affordability in many of the largest cities in the country — especially those in the West.
In a market
with extremely
tight inventory, buyers tend to be a bit more forgiving about
condition because it might be difficult to get into contract.
Negative equity is keeping many potential sellers out of the market, which keeps a lid on
inventory and complied
with the reduced flow of REO properties has led to much
tighter market
conditions for lower priced properties, particularly in the hardest hit markets, according to CoreLogic Economist Sam Khater.
With much
tighter inventory conditions, the median price in the West was $ 242,100, up 21.2 percent from October 2011.
«However,
with supply edging higher in most major centres and few markets reporting
tight inventory levels, we are seeing a return to more balanced
conditions.
«Limited job prospects, student debt and flat wage growth have combined
with tight credit
conditions and low
inventory to price Millennials out of some of the top cities such as New York and San Francisco,» he says.