Buyer Demand Exceeds Housing Supply [INFOGRAPHIC]
Some Highlights: Inventory Levels are still below the 6.0 month level necessary for a normal market Home Prices have experienced year-over-year gains for 38 straight months Home sold faster than any time since June 2013, in just 39 days
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If You are Thinking of Selling, Now’s the Time
If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is […]
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“Lagging Supply” Leads to Slowdown in Sales
The National Association of Realtors (NAR) recently released the results of their Existing Home Sales Report. Despite the fact that properties are selling faster than they have at any other time since July of 2013, existing home sales declined 3.3% from March. NAR’s Chief Economist Lawrence Yun explained the main reason for the slow: “April’s […]
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New Construction: Hear Those Hammers in the Background?
If you are planning on selling your home over the next two years, now may be the time to act. Demand is high, supply is low and many homeowners are benefiting from an almost auction atmosphere with several buyers fighting for their house in the current multi-bid environment. Higher prices and less stringent contingencies are […]
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Housing Update: Demand Up, Supply Down, Prices Increasing
Earlier this week, the National Association of Realtors (NAR) released their latest quarterly report. The report covered three important aspects of the housing market: Buyer Demand Supply of Housing Inventory Single Family Residential Prices Today, we want to break down the highlights of the report along with several quotes from Lawrence Yun, the Chief Economist […]
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