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Home Buying, Housing

High prices and low inventory frustrate buyers

By Mike Wheatley | June 11, 2021
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 […]
Housing

Agents are using novel methods to plug the inventory gap

By Mike Wheatley | April 8, 2021
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 […]
Residential, US Real Estate, Zillow

No respite for low inventory crisis in 2018, Zillow warns

By Mike Wheatley | November 21, 2017
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.
Home Buying, US Real Estate

Zillow: 'Low inventory, strong demand' to define this year's home shopping season

By Mike Wheatley | March 24, 2017
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
Featured News, Home Sales, US Real Estate

Get ready for intense bidding wars this spring

By Mike Wheatley | March 21, 2017
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
Residential, US Real Estate

'Fixer-uppers' losing popularity as low inventories bite, Zillow says

By Mike Wheatley | October 26, 2016
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.
Featured News, Residential, US Real Estate

The Fed says inventory shortages are the "new housing crisis"

By Mike Wheatley | October 17, 2016
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.
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