Low inventory is the foremost issue in the housing market, with no let - up in the impossible demand for the few reasonably -
priced homes available for sale.
If there are very
few homes available for sale, a shortage of inventory, many homes will quickly sell simply because there is little to buy.
ALBANY, N.Y. — New York realtors sold more than 11,000 previously - owned homes during December, down over 5 percent from more than 11,600 homes sold in December 2016, as the supply of
homes available for sale fell.
If you are unable to find
new homes available for sale with VA financing in your area or if you are unable to determine whether particular homes being built are available for sale with VA financing, we suggest you contact the local VA regional office.
A panel of economists said tight underwriting and high prices caused in part by a gap in
affordable homes available for sale, along with demographic trends, are keeping young households out of the market, which in turn is widening the wealth gap between them and older households.
«As we get later into the spring and summer selling season there are less and
less homes available for sale, driving prices higher,» Banfield says.
There is simply no easier way to
locate homes available for sale on the Sunshine Coast and to learn about nearby services,» says Little, a sales rep with Royal LePage Sunshine Coast.
Throughout the Northeast region, we have a complete network of authorized Westchester local modular home dealers who build our
modular homes available for sale.
House prices still rose across Canada, but at a measured pace, and the number of
homes available for sale rose to the more comfortable levels indicative of a healthy, balanced market,» says Phil Soper, president and chief executive, Royal LePage Real Estate Services.
Tight inventory — that is, not
enough homes available for sale — has for the past couple of years been one of the main reasons that the housing market can't quite get the traction it needs.
Similar to the lack of supply for starter homes, detached single
family homes available for sale have only been lower than current levels for 5 months in the last 5 years, and these 5 months occurred in the slow winter season of 2016.
But as millennials find better - paying jobs, start families and begin searching for their first homes, they're encountering an unfortunate reality: Just as they're finally ready to buy, the housing market has the
fewest homes available for sale on record.
NAR Managing Director of Housing Research Danielle Hale talks about the April fall in existing - home sales and shortage
of homes available for sale.
Sales, however, remain constrained by a dearth of
homes available for sale, which is limiting choices for buyers.
The supply of
homes available for sale in the Phoenix real estate market is currently falling short of demand.
Since there is a surplus of home buyers, with a reduction in the supply of
homes available for sale, it follows that homes in the Georgina real estate market are selling faster and for more money.
«While these changes are pointed at the demand for ownership housing, it is important to note that much of the upward pressure on home prices in the GTA has been based on the declining inventory of
homes available for sale.»
Citing a recent survey of his members that suggested international buyers accounted for only 5 per cent of demand, Cerqua added that, «the solution to strong rates of price growth and related affordability concerns lies not with taxing foreign buyers more, but rather with addressing the supply of
homes available for sale, or lack thereof.»
Thanks lower median home prices of $ 218,350, and a smaller amount of
home available for sale, we will continue to see a strong housing economy, particularly in and around Atlanta.
Mostly, but for one small hurdle: The number of
homes available for sale isn't nearly enough to satisfy this huge home buying demand.
One of the best online tools that you can use is the Multiple Listing Service (MLS)-- a proprietary system that's used as a repository of
all homes available for sale to the public.
Total housing inventory4 at the end of February increased 3.3 percent to 1.88 million existing
homes available for sale, but is still 1.1 percent lower than a year ago (1.90 million).
Total housing inventory at the end of January fell 4.9 percent to 1.74 million existing
homes available for sale, which represents a 4.2 - month supply2 at the current sales pace, down from 4.5 months in December, and is the lowest housing supply since April 2005 when it was also 4.2 months.
Total housing inventoryat the end of February increased 3.3 percent to 1.88 million existing
homes available for sale, but is still 1.1 percent lower than a year ago (1.90 million).
In all of the largest U.S. housing markets, more than a third of
the homes available for sale are in the most expensive segment — in the top third of the overall housing stock in the market.