Sentences with phrase «fewer homes for sale»

With fewer homes for sale today, would - be buyers are having to get creative about making their bid stand out.
Rising home values in this segment of the market can be attributed to a lack of supply, with 10 percent fewer homes for sale this year compared to last.
Too few homes for sale drove prices sky high and led to fierce competition among buyers, especially at the entry level.
There is so much demand for housing and so few homes for sale, that prices have nowhere to go but up — unless they get so high that no one wants to buy.
There are very few homes for sale, so they get picked up quickly.
There are few homes for sale in the affluent coastal city, and, chances were, other agents had clients interested too.
There are fewer homes for sale today than there were yesterday.
Not only are there fewer homes for sale, starter homes are disappearing.
If there are too few homes for sale then only too few homes will get sold.
During the last five years, the seller's market in many cities (with fewer homes for sale than there were qualified buyers) usually meant all - cash sales.
Normally this makes a good seller's market, which is good for agents, but this market is different because there are so few homes for sale.
Ask anyone house hunting this spring, and they'll tell you there are far too few homes for sale.
Nationally, there are now 11.7 percent fewer homes for sale compared to one year ago.
There are many reasons for the drop in first - time buyers — strong home price appreciation, tight underwriting requirements, too - few homes for sale at affordable price points — but there's at least one bit of good news to report: The Federal Housing Administration (FHA) is making it a little easier for buyers to get federally insured financing for condominiums.
«The housing market is tough right now, with fewer homes for sale on the market than usual, and new mortgage rules and many mortgage products from which to choose,» says Marietta Rodriguez, vice president for homeownership and lending at NeighborWorks America.
Despite fewer homes for sale in September, unsold inventory is still 6.0 percent higher than a year ago, when there were 2.17 million existing homes available for sale.
Homebuyers eager to purchase before home prices and mortgage rates rise are finding few homes for sale as sellers hold out for better deals, said Glenn Kelman, Redfin's CEO.
The Bend real estate market has favored home sellers recently because there have been relatively few homes for sale.
There are now 12.6 percent fewer homes for sale compared to one year ago, the Reports show.
The real estate market was plagued by one big problem in 2017: There were very few homes for sale, which pushed up prices, probably by 6 percent for the year in 2017.
In fact, there were 223 fewer homes for sale at this price than in 2016, for a decline of about 22 percent.
The low Days on Market average is the direct result of few homes for sale and high buyer demand.
In the opening bullets of the article, the author claimed, «Negative equity is one of the main reasons why there are so few homes for sale
According to NAR Chief Economist Lawrence Yun, it's not buyer demand that's the problem; it's too few homes for sale, especially among lower - cost starter homes.
Home flips are often fueled by a sellers market with few homes for sale.
There are 10 percent fewer homes for sale compared with a year ago, and in the hottest markets, where prices are appreciating fastest, there are up to 40 percent fewer homes for sale, according to Zillow.
«Sellers are in the driver's seat this spring as the intense competition for the few homes for sale is forcing many buyers to be aggressive in their offers,» Yun says.
«It is led mostly by constrained home availability as buyers continue to battle over the few homes for sale, especially in the West.
«Sellers are in the driver's seat this spring as the intense competition for the few homes for sale is forcing many buyers to be aggressive in their offers,» said Yun.
What this means to you as an investor is that there are fewer homes for sale that are priced reasonably.
The sentiment is since there are very few homes for sale, a new listing that is not yet available will not only whet appetites but it could generate a bidding frenzy when it is finally for sale.
Bay Area home sales fell 9.3 % from July of last year, a decline driven by high prices and few homes for sale, CoreLogic DataQuick said.
Sales declines are a natural result of there being fewer homes for sale, but higher prices often indicate higher demand leading of competitive bidding.
This is a period in which there are few homes for sale but buyer demand is high.
When inventory is scarce, buyers are forced to compete over the few homes for sale.
«In a fast - moving market with fewer homes for sale and rising prices, more buyers find themselves in need of a real estate professional to help them find the right home and guide them through each step of the process,» says NAR President Tom Salomone.
In October, there were 5.1 % fewer homes for sale than in September, and 12.2 % fewer than in October 2012.
In a seller's market, there are fewer homes for sale to a larger pool of buyers.
The few homes for sale right now are more expensive.
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