A Lack Of Inventory Continues To Impact The Housing Market

A Lack Of Inventory Continues To Impact The Housing Market

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The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up and distressed sales (foreclosures and short sales) have fallen to their lowest point in years. The market will continue to strengthen in 2019.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory! Buyer demand naturally increases during the summer months, but supply has not kept up.

Here are the thoughts of a few industry experts on the subject:

Lawrence Yun, Chief Economist at National Association of Realtors

“Further increases in inventory are highly desirable to keep home prices in check, the sustained steady gains in home sales can occur when home price appreciation grows at roughly the same pace as wage growth.”

Read more here...


Lance Whipple PA Headshot
Author:
Phone: 407-494-6030
Dated: May 13th 2019
Views: 247
About Lance: My name is Lance Whipple and I help first-time homebuyers, international investors, “active adults...

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