Sentences with phrase «lower housing inventory»

Lower housing inventory and strong buyer demand drove median home prices higher even as statewide home sales decreased in February, according to Illinois REALTORS ®.

Low housing inventory was one of the big real estate stories of the last couple of years.

The post Low Housing Inventory = Opportunity appeared first on Think Realty A Real Estate of Mind.

Not only will interest rates remain relatively low, but I see no short - term solution to historically low housing inventories.

Amid the lowest housing inventory levels in more than 13 years, existing - home sales in California still eked out a year - over-year gain, while the median sales price posted a solid annual increase, according to the California Association of REALTORS ® (C.A.R.).

NAR leaders have long spoken out about how the low housing inventory is driving up prices and creating steep barriers to homeownership, especially for first - time buyers.

Their optimism comes at a time when low housing inventory problems persist.

The explanation has now become to sound like a broken record: low housing inventory is to blame.

With lower housing inventories than ever before, a slowing in new construction, an increase in construction materials cost and banks that are still not eager to lend despite historically low rates, many investors have become frustrated.

Several factors are at play, experts say, including low housing inventory, pent up -LSB-...]

According to the California Association of Realtors, amid the lowest housing inventory levels in more than 13 years, California existing home sales still eked out a year - over-year gain, while the median sales price posted a solid annual increase.

We are seeing low housing inventory and higher prices for homes NOW!

Several factors are at play, experts say, including low housing inventory, pent up demand and increasingly optimistic sellers.

Low housing inventory was one of the big real estate stories of the last couple of years.

Experts did express concerns about how fast home prices were rising, which they credited in part to low housing inventory.

Experts believe that low housing inventory have driven prices up on existing homes.

Buyers in many areas need to be prepared for an increased amount of competition due to low housing inventory this spring.

Not exact matches

As a result, Rascoff said, home prices shoot up, leaving minimal inventory at the middle and low end of the housing market — and causing many millennials end up renting into their 30s.

Available housing inventory in the U.S. is at historical lows and homebuilders are faced with high costs and labor shortages.

Lower inventory levels have served to push housing prices steadily higher.

Housing inventories are near historic lows and median home prices are near historic highs, yet supply growth in starter homes remains insufficient to lure young buyers.

According to Realtors, an uptick in existing U.S. home sales in the final three months of 2017 pulled down housing inventory to an all - time low, while keeping home - price growth at its recent robust pace.

«Today's near record low homeownership rate, combined with low inventory of rental property, have combined to push rental rates higher during the housing recovery,» he says.

With today's increased housing demand and the low supply of housing inventory in places like New Jersey, New York, and Pennsylvania (housing supply is averaging about 2 - 3 months), now may be a good time to consider selling your house.

Inventory might be low, but that's not stopping Millennials from upping their housing game.

Thanks to relatively low unemployment, rising interest rates, a dearth of new construction, a large population of new metro residents, and tight housing inventory, Detroit, Michigan's housing market could be heading into a heated territory.

Re / Max credits low interest rates for the housing market's success, along with tight inventory levels and increased urban demand.

Fueled by record - low interest rates and housing inventories, home prices in the United States hit another all - time high in 2017.

After the 2008 housing bust, home prices bottomed out, dropping so low — homes were selling for less than replacement construction costs — that many investors jumped in, soaking up most of the inventory.

«With housing inventory reaching historic lows, homebuyers are struggling to find the homes they desire,» said Patty Sullivan, director of public relations with Carrington Mortgage Holdings, LLC, in Plano, Texas.

Total housing inventory fell 11.4 % in December 2017, according to the National Association of Realtors, and was 10.3 % lower than the previous year.

Then, we can't find them another house for a month because inventory is so low that most buyers actually have very few homes to choose from.

The two main factors driving home price appreciation are low inventory and a low vacancy rate among owner - occupied housing.

I continue to hold AVTR under the theory that the housing market will eventually turn and AVTR will be well positioned with a low - cost inventory structure.

I actually offered $ 200 over ask since I knew the housing inventory is low and there are lots of buyers.

An additional side effect of higher mortgage rates will be felt in housing inventory, as some homeowners with lower mortgage rates may hesitate to sell their homes and take out a new home loan with a higher rate.

If you are out house - hunting in the fall, chances are inventory is lower than it was in the spring and summer.

The number of homes for sale continues to remain at record lows with the nationwide inventory of for - sale single - family homes, condos, townhomes, and co-ops is about 19 percent below inventory levels from a year ago, Realtor.com reports in its analysis of July housing data of 146 markets.

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Housing inventory declined last month and is a staggering 7.1 percent lower than a year ago.»

Two factors supporting price increases are the low inventory of homes for sale and the low vacancy rate among owner - occupied housing.

JS: Due to low inventory, first - time homebuyers are having trouble finding a house — and first - time homebuyers make up a decent percentage of the business.

A better example is the service I get from my housekeeper at my new rental in Tennessee: she does the post-stay walk - through, cleans, and provides or maintains the inventory of supplies (she provides quite a bit: trash bags, toilet paper, basic toiletries, dishwashing soap, hand soap; the things I provide, she'll let me know when supplies are low, and I'll have new items shipped to her house).

An uptick in existing - home sales in the final three months of 2017 pulled down housing inventory to an all - time low and kept home - price growth at its recent robust pace.

Our housing inventory quality is far superior and our rental rates are not only controlled, but our middle class economy has a much lower portion of renters, never mind comparing the rental inventory quality.

«Housing inventory is low right now so it will be interesting to see if this January is any different than the trends we've identified over the past seven years.»

One of the most frustrating aspects of this year's housing recovery is that solid demand from buyers has encountered stubbornly low inventory levels in many U.S. and Canadian markets, especially for starter homes.

Housing inventories, though, remain tight at a 4.3 - month supply, with inventories of new homes hovering at a four - and - a-half-year low.

Housing inventory, however, grew from a 4.0 - months supply to 4.4 months, which may lower if residents in need of housing come out in full force to buy repaired or undamagedHousing inventory, however, grew from a 4.0 - months supply to 4.4 months, which may lower if residents in need of housing come out in full force to buy repaired or undamagedhousing come out in full force to buy repaired or undamaged homes.

Course attendees, representing a geographic cross section from California to Delaware and Minnesota to Texas, identified similar conditions — low inventory, bidding wars, flat income, appraisal problems — impeding the development of affordable housing for working families across their markets.