{"id":269,"date":"2018-07-24T02:00:05","date_gmt":"2018-07-24T02:00:05","guid":{"rendered":"http:\/\/renwre.info\/2018\/07\/24\/lack-of-listings-slowing-down-the-market\/"},"modified":"2018-07-24T02:00:05","modified_gmt":"2018-07-24T02:00:05","slug":"lack-of-listings-slowing-down-the-market","status":"publish","type":"post","link":"http:\/\/renwre.info\/?p=269","title":{"rendered":"Lack of Listings Slowing Down the Market"},"content":{"rendered":"
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\"Lack<\/p>\n

As the real estate market continues to move down the road to a complete recovery, we see home values and home sales increasing while distressed sales (foreclosures and short sales<\/em>) continue to fall to their lowest points in years. There is no doubt that the housing market will continue to strengthen throughout 2018.<\/span><\/p>\n

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory!<\/p>\n

Here\u2019s what a few industry experts have to say about the current inventory crisis:<\/strong><\/h4>\n

Lawrence Yun, Chief Economist <\/em>for the National Association of Realtors<\/em><\/a><\/strong><\/h4>\n
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\u201cInventory coming onto the market during this year\u2019s spring buying season\u2026was not even close to being enough to satisfy demand<\/strong>, that is why home prices keep outpacing incomes and listings are going under contract in less than a month \u2013 and much faster \u2013 in many parts of the country.\u201d<\/em><\/p>\n<\/blockquote>\n

Sam Khater, Chief Economist<\/em> for Freddie Mac<\/em><\/a><\/strong><\/h4>\n
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\u201cWhile this spring\u2019s sudden rise in mortgage rates [took] up a good chunk of the conversation, it\u2019s the stubbornly low inventory levels in much of the country that are preventing sales from really taking off like they should\u2026 Most markets simply need a lot more new and existing supply<\/strong> to cool price growth and give buyers enough choices.\u201d <\/em><\/p>\n<\/blockquote>\n

Alexandra Lee, Housing Data Analyst<\/em> for Trulia<\/em><\/a><\/strong><\/h4>\n
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\u201cThis seasonal inventory jump wasn\u2019t enough to offset the historical year-over-year downward trend<\/strong> that has continued over 14 consecutive quarters\u2026Despite the second-quarter gain, inventory was down 5.3% from a year ago. Still, this represents an easing of the double-digit drops we\u2019ve been seeing since the second quarter of 2017.\u201d<\/em><\/p>\n<\/blockquote>\n

Bottom Line<\/strong><\/h3>\n

If you are thinking about selling, now may be the time. Demand for your house will be strongest while there is still very little competition which could lead to a quick sale for a great price.<\/p>\n<\/div>\n

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As the real estate market continues to move down the road to a complete recovery, we see home values and home sales increasing while distressed sales (foreclosures and short sales) continue to fall to their lowest points in years. There Continue reading Lack of Listings Slowing Down the Market<\/span>→<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/posts\/269"}],"collection":[{"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=269"}],"version-history":[{"count":0,"href":"http:\/\/renwre.info\/index.php?rest_route=\/wp\/v2\/posts\/269\/revisions"}],"wp:attachment":[{"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=269"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/renwre.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}