Existing Home Sales Slowed by a Lack of Listings
Some Highlights:
-
The inventory of existing homes for sale has dropped year-over-year for the last 29 consecutive months and is now at a 3.9-month supply.
-
Existing home sales are currently at an annual pace of 5.48 million, the highest pace since June of this year, but down 0.9% from October 2016.
-
NAR’s Chief Economist, Lawrence Yun, had this to say: “While the housing market gained a little more momentum last month, sales are still below year ago levels because low inventory is limiting choices for prospective buyers and keeping price growth elevated.”
To view original article, please visit Keeping Current Matters.
Are There Going to Be More Homes to Buy This Year?
Housing demand is high and supply is low, so if you’re thinking of moving, it’s a great time to do so.
How Much Leverage Do Today’s House Sellers Have?
With the leverage sellers have today, you may be able to negotiate a deal that allows you to move into your dream home!
47% of New Buyers Surprised by How Affordable Homes Are Today
Whether you’re a first-time buyer or a move-up buyer, don’t let the headlines scare you away from your dream of homeownership.
Where Have All the Houses Gone?
Today’s housing market is a big win for sellers, but these conditions won’t last forever. Let’s connect to discuss how to sell your house safely.
Will Low Mortgage Rates Continue through 2021?
Working with a trusted real estate professional to navigate the process while rates are in your favor might be the best move you can make.
Millennials: Is It Time to Buy a Bigger Home?
Growing equity can be the driver you’re looking for to fund your next move, especially if what you need in a home is changing right now.
3 Ways You’ll Win When You Buy a Home This Year
There are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible.
![Reasons to Hire a Real Estate Professional [INFOGRAPHIC]](https://brookhampton.com/wp-content/uploads/2021/02/20210108-MEM-1046x1665-1-400x250.png)
Reasons to Hire a Real Estate Professional [INFOGRAPHIC]
The right agent can explain current market conditions and break down exactly what they mean for you.
The Luxury Market Is Attracting Buyers in 2021
It appears that some higher-priced markets may have more homes to choose from than those at lower price points.
3 Reasons We’re Definitely Not in a Housing Bubble
Housing supply is at a historic low. Demand is real. Homeowners have enough equity to be able to weather a dip in home values.