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
Agents are using novel methods to plug the inventory gap
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
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.
‘Fixer-uppers’ losing popularity as low inventories bite, Zillow says
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”
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 hampers military real estate markets across the U.S.
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.