Winning Strategies in Real Estate

3 Expert Insights On Inventory In The Current Market

Insights

The current housing landscape presents greater home values, low interest rates, and high buyer demand. All of these factors point to the strong market forecasted to continue throughout the rest of the year.

There is, however, one thing that may cause the industry to tap the brakes: an overall lack of housing inventory. Buyer demand naturally increases during the summer months, but the current supply is not keeping up.

Here is a look at what a few industry experts have to say:

Lawrence Yun, Chief Economist at National Association of Realtors

“Imbalance persists for mid-to-lower priced homes with solid demand and insufficient supply, which is consequently pushing up home prices.”

Mark Fleming, Chief Economist of First American

“Market conditions are ripe for increasing home sales with one glaring exception. The supply of homes for sale remains tight, keeping existing home sales below potential.”

Danielle Hale, Chief Economist of Realtor.com

“We’re not seeing as many new listings come up on the market…It was only 18 months ago that the number of homes for sale hit its lowest level in recorded history and sparked the fiercest competition among buyers we’ve ever seen.”

Bottom Line

If you’re thinking of selling, now may be the time. Demand for your house will be strong during a period when there is very little competition, ideally leading to a quick sale and a great return on your investment.

 

Tony Morganti, CRS, ABR

330-352-9513

Comment balloon 0 commentsTony Morganti • July 31 2019 03:56AM
3 Expert Insights On Inventory In The Current Market
share
The current housing landscape presents greater home values, low interest rates, and high buyer demand. All of these factors point to the strong market forecasted to continue throughout the rest of the year. There is, however, one thing that may… more
New Investment Listing - 4 Unit in Stow - $319, 000
share
If your'e looking for a great residential investment then check out this 4 unit in Stow, Ohio. Two 2 bedroom units and two 3 bedroom units. Tenants pay all utilities except trash. Over $35, 0000 annual income. These units are very spacious,… more
Here's The Top 5 Reasons You Should NOT FSBO
share
Rising home prices coupled with a lack of inventory in today’s market may cause some homeowners to consider selling their home on their own (known in the industry as a For Sale By Owner ). However, a FSBO might not be a good idea for the vast… more
Home Prices Up 5. 05% Across the Country
share
more
First Floor Master - New Listing in Blossom Glen - 3533 Keyser Parkway
share
Are you looking for a ranch or a home with a first floor master? If so, you'll want to be sure to see this newly listed Blossom Glen Esquire model with a first floor master, total of 4 bedrooms or 3 bedrooms and a home office option. New stainless… more
3 Powerful Reasons to Buy a Home Now
share
Whether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a home. Here are three major reasons to buy today. 1. Affordability Many people focus solely on price when talking about home… more
Mid-Year Housing Market Update: Three Things to Know Today
share
Shifting trends and industry-leading research are pointing toward some valuable projections about the status of the housing market for the rest of the year. If you’re thinking of buying or selling, or if you just want to know what experts are… more
Just Sold in Cuyahoga Falls, Ohio
share
We were pleased to have represented our Buyer Client for the purchase of this near totally updated Cuyahoga Falls colonial that was being offered By Owner. Sale price $164, 697. Are you in the market to buy? Don't go it alone - especially if you… more
What Experts are Saying About the Current Housing Market
share
We’re halfway through the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the experts predict for the second half of 2019. Here’s what some have to say: Danielle Hale, Chief Economist.. more
The Cost of Waiting: Interest Rates Edition
share
Some Highlights: Interest rates are projected to increase steadily heading into 2020. The higher your interest rate, the more money you will end up paying for your home and the higher your monthly payment will be. Rates are still low… more