But when they started looking at homes to buy, during a time of
extremely tight inventory and sharply rising prices, they had a hard time finding anything in their price range that would fit their needs.
Despite the challenges of ongoing political uncertainty,
extremely tight inventory conditions, and home values that continue to rise, existing home sales rose 2.0 percent in October, according to the National Association of Realtors (NAR).
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.
Despite stronger buyer interest in most of the country,
extremely tight inventory conditions and weakening affordability caused both existing - home sales and pending sales to decline in January.
The spring homebuying season favors the seller this year because of
extremely tight inventory and likely higher prices, Trulia Chief Economist Ralph McLaughlin said Tuesday.
Not exact matches
Single - family home sales were up in January compared to this time last year, despite
extremely tight housing
inventory across the entire Austin - Round Rock MSA.
«
Inventory has been
extremely tight all year and is unlikely to improve now that the seasonal decline in listings is about to kick in,» adds Yun.
«With credit remaining
tight and limited housing
inventory in several markets, these numbers are
extremely encouraging and a testament to the economic resilience of the Hispanic community,» says 2016 NAHREP President Joseph Nery.
Inventory remains
extremely tight, but patience may pay off in coming months for those looking to buy.»
There are broad - based shortages of
inventory in the lower price ranges in much of the country except the Northeast, and in the West supply is
extremely tight in all price ranges except for the upper end.