Koberlein cites a mix of factors — strong
demand for housing outpacing the available supply; attractive mortgage rates; a muscular stock market; baby boomers seeking a warmer retirement locale; and an expanding local job market — to forecast continued local growth in housing sales and pricing for 2018.
«Home values were pushed higher once again by
the demand for housing outpacing the stock of available homes,» says Bill Banfield, vice president of Capital Markets at Quicken Loans.
Anything less than a 6 - month supply is a sellers» market, where
the demand for houses outpaces supply and prices go up.
Anything less than a 6 - month supply is a sellers» market, where
the demand for houses outpaces supply and prices go up.
Not exact matches
«
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 Assoc
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 Assoc
demand,» said Cynthia Silver, a real estate agent with Century 21 Martinez and Associates.
Again, all of this data points to San Diego being in desperate need of some new attached
housing supply as
demand for starter homes in urban settings continues to
outpace supply.