Featured News

Categories: Residential

Shortages of furniture and home appliances delay transactions

It’s well known that inventory shortages and the high price of building materials are two of the main reasons that house prices are rising so fast, but not so many know about another pressing problem in the industry right now – a shortage of new appliances.

New home buyers are increasingly struggling to find appliances and furniture to kit out their homes, and now it’s being reported that the shortages are unlikely to ease anytime soon.

If you would like to buy new appliances, we recommend you to first check out the website of Spice Kitchen and Bar since the provide you with reviews for small and large appliances.

As such, some buyers have even been forced to delay closing on their home purchases.

Bankrate.com reported that shortages of home appliances began last year as a result of the COVID-19 pandemic shutdown.

“The pandemic has impacted production in the U.S. manufacturing plants as factories have to operate with less workers on site or on staggered shifts as part of social distancing precautions,” Gay Cororaton, director of housing and commercial research at the National Association of Realtors, told Bankrate.com.

At the same time, the housing market is booming with both new and older homes selling almost as soon as they enter the market. Add to that, home remodeling projects are becoming more popular with current homeowners who’re forced to spend more time at home. It all adds up to demand for appliances that has outstripped the available supply.

In February, the National Association of Home Builders reported that 90% of its members have had trouble obtaining appliances for their new homes over the preceding six months.

The inability to get ahold of home appliances has led to more real estate agents reporting delays in closing transactions. Emily Becker, of Warburg Realty in New York, told Bankrate that one of her clients had to delay closing because they were still waiting on appliances that were supposed to arrive in March. As of this month, they still haven’t arrived, she said.

Appliances aren’t the only problem either. More recently, homeowners have reported that it’s getting more difficult to find furniture that’s in stock due to high demand and disruptions to supply chains. Bankrate said the some furniture manufacturers have reported delays as long as four months for some products.

Some buyers have been more accomodating in their offers due to the shortages, Bankrate said. For instance, some are waiving the contract contingency for home appliances, or negotiating a lower price for new homes sold without any.

Mike Wheatley

Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at mike@realtybiznews.com.

Recent Posts


Better Homes and Gardens Real Estate LLC announced today the affiliation of Better Homes and…

3 hours ago

5 Tips for Improving Your Social Media Marketing Skills

You wouldn’t try to be a real estate agent without knowing how a mortgage works,…

4 hours ago

House Selling Checklist: 5 Things to Do When Selling Your House

While you may want a stress-free and quick house sale, selling a home can be…

4 hours ago

A Look at Some of Virginia Beach’s Best Real Estate Pros

RealtyBizNews takes a look at a few of the top real estate agents in the…

17 hours ago

Will Wooden Blinds Add Value to My Home?

Homeowners are always on the lookout for ways to increase the appraisal of their property.…

17 hours ago

How Quattro Development Grew To Become a Trusted Real Estate Developer

Entrepreneurship isn’t without its challenges. As Quattro Development co-founders Rob Walters and Mike Liyeos discovered…

2 days ago