Sentences with phrase «reduced inventory of homes for sale»

A low Days on Market average, like 66 seen in October, is the direct result of continued high demand and a reduced inventory of homes for sale.

This phenomenon is known as «mortgage rate lock - in» and could lead to diminished demand from home buyers and / or reduced inventory of homes for sale as would - be buyers instead choose to stay put in their current homes.

Not exact matches

The white paper, The U.S. Housing Market: Current Conditions and Policy Considerations, calls for increased lending to creditworthy home buyers and more loan modifications, mortgage refinancings, and short sales to reduce the rising inventory of foreclosed homes and help stabilize and revitalize the housing industry; an approach long recommended by NAR to help spur the housing market recovery.

Improving access to affordable mortgage financing for qualified home buyers and investors and committing additional resources to loan modifications and short sales will help reduce current and future inventories of real estate owned (REO) properties held by government agencies, according to the National Association of Realtors ®.

This is good news for investors as it should provide more inventory of homes for sale thereby reducing competition.

Reports around the country indicate that the inventory drought is reducing the number of expired listings and encouraging owners who took their homes off the market to relist them for sale.