With so few home listings around, prospective home buyers have very little time to make up their minds on whether or not they intend to bid on a house they’ve seen. The reality is that as soon as a listing lands on the market, the race is on. Between July 2020 and June 2021, the
High prices and low inventory frustrate buyers
June 11, 2021 by
Home buyers are getting more frustrated with the rising prices and lack of options in the housing market. Fannie Mae’s latest Home Purchase Sentiment Index reveals that just 35% of people believe now is a good time to buy a home, down from 47% just a month ago. Moreover, the percentage of people who think
Agents are using novel methods to plug the inventory gap
April 8, 2021 by
The low inventory of homes for sale is making life more difficult for some real estate agents, and in some markets there are twice as many real estate professionals as there are available listings. That means agents are fighting among themselves to get in on the sales action, and some are resorting to desperate measures
No respite for low inventory crisis in 2018, Zillow warns
November 21, 2017 by
Those hoping for relief from the ongoing inventory crisis won’t find it in 2018. At least, not if you believe Zillow’s latest forecast of what’s in store for real estate over the next 12 months.
Zillow: ‘Low inventory, strong demand’ to define this year’s home shopping season
March 24, 2017 by
Home values across the country are up 7 percent since last February, with 3 percent fewer homes to choose from than a year ago, making for another competitive home shopping season
Get ready for intense bidding wars this spring
March 21, 2017 by
Bidding wars are set to be the hallmark of this year’s selling season. Home listings are drying up yet buyer demand remains high, which means shoppers are set to face intense competition this spring
‘Fixer-uppers’ losing popularity as low inventories bite, Zillow says
October 26, 2016 by
Rising home prices and tough buyer competition may be giving sellers more flexibility to list their home for sale “as-is” without needing to fix it up first.
The Fed says inventory shortages are the “new housing crisis”
October 17, 2016 by
The acute shortage of homes for sale has been singled out by the Federal Reserve, which says the situation could have a negative impact on the U.S. economy.
Low inventory limits choices for first-time buyers
March 23, 2016 by
The ‘perfect storm’ of rising wages, improved jobs market, low mortgage rates and increased rents means that many millenials are finally ready to move into home ownership, but the question remains, can they actually find one?
Low inventory hampers military real estate markets across the U.S.
November 6, 2015 by
There’s a strong demand for homes among members of the military, but a new report from ERA Real Estate suggests that many military towns are experiencing a shortage of available properties.
