The prospect of looming rate hikes has people trying to buy before prices and rates increase more, but there is simply no inventory: low supply, high demand equals high prices, particularly in that first time or lower end buyer group. I would also like to address Marvin’s point about a significant investor involvement in the current market.
Download our free guide on the 7 Epic Ways For Realtors To Solve Low Housing Inventory. 1) Do you know the price points and terms of all new construction inventory? Did you know that majority of the new construction housing will never hit your MLS? In a low housing inventory market, that’s a big deal.
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This year’s spring residential real estate market – the busiest time of year for home sales – is marked by a low inventory. a higher price made the difference. It was the “as-is” offer, not.
RealtyTrac , the nation’s leading source for comprehensive real estate data, today released its Aging Homes Analysis, which shows that more than 70 percent of U.S. single family homes were.
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Existing Home Inventory Hits Record Low. The December 2016 sales were 1.5 percent higher than those in December 2015, a 4.81 million pace. Existing condominium and co-op sales dropped 10.3 percent to a seasonally adjusted annual rate of 610,000 units, and are now 4.7 percent below the previous year.
But I’ve personally seen a lot of competitiveness in the $800,000 to $1.2 million area – and that price point has become more like the homes in. Now that the housing inventory is starting to creep.
Fact is, home prices cannot outrun wages forever.. with sales volume dropping, and inventories rising, and sellers having to. lowest year-over-year increase since 2012, with house prices rising 3.1% and condo prices remaining flat.. Just a few more years until AOC can get old enough to be elected,
The results indicate even atypically large new houses command a premium.. effect on existing house prices except to create some competition for houses that were. Most new housing construction in the U.S. occurs on the.. the older existing houses are unusual.. new houses may be more important to sellers of lower.
“One factor pushing prices up is the continued low supply of homes for sale. the longest road to a new high, is 47% below its peak when inflation is factored in.” Zillow Senior Economist Aaron.