{"id":70464,"date":"2013-03-01T07:00:17","date_gmt":"2013-03-01T07:00:17","guid":{"rendered":"http:\/\/whatsthepointofaventura.com\/2013\/03\/01\/low-inventory-of-homes-for-sale-plagues-many-markets\/"},"modified":"2019-04-23T20:49:17","modified_gmt":"2019-04-23T20:49:17","slug":"low-inventory-of-homes-for-sale-plagues-many-markets","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/low-inventory-of-homes-for-sale-plagues-many-markets\/","title":{"rendered":"Low Inventory of Homes for Sale Plagues Many Markets"},"content":{"rendered":"

Low Inventory of Homes for Sale Plagues Many Markets\"Low<\/span><\/h3>\n

The low inventory of for-sale homes is creating a seller\u2019s market throughout the country.<\/p>\n

“Buyers and agents are literally waiting for the next house,” says Rick Turley, president of Coldwell Banker Residential Brokerage for the San Francisco Bay Area.<\/p>\n

The supply of existing homes for sale reached nearly an eight-year low in January, according to the National Association of REALTORS. Nationwide, there is a 4.2-month supply of existing homes for sale.<\/p>\n

A more balanced market with a six-month supply will occur when home prices rise another 20 percent, says John Burns, CEO of John Burns Real Estate Consulting. Such an increase would then lure sellers to match demand coming in from renters and investors, and the rise in prices will also lead to more home building, Burns says.<\/p>\n

Still, a return to healthy inventory levels could be years off, some say. \u201cMany home owners can’t afford to sell because they don’t have enough equity to put into buying another house \u2014 or would have to write a check to sell,\u201d USA Today reports. \u201cThe supply of distressed houses for sale is thinning as the foreclosure crisis recedes, especially in some states. Home building, while improving, is still at low levels. And, after years of holding on, few home owners want to sell when prices are just coming off the bottom, REALTORS say.\u201d<\/p>\n

Source: \u201cHome sellers are scarce as spring buyers stir,\u201d USA Today (Feb. 26, 2013)<\/p>\n

I hope this information is useful to you. Please contact me for all your South Florida real estate needs at (305) 329-4929 or solovay.m@ewm.com.<\/p>\n","protected":false},"excerpt":{"rendered":"

Low Inventory of Homes for Sale Plagues Many Markets The low inventory of for-sale homes is creating a seller\u2019s market throughout the country. “Buyers and agents are literally waiting for the next house,” says Rick Turley, president of Coldwell Banker Residential Brokerage for the San Francisco Bay Area. The supply of existing homes for sale<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":5555,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"\nLow Inventory of Homes for Sale Plagues Many Markets - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/low-inventory-of-homes-for-sale-plagues-many-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Low Inventory of Homes for Sale Plagues Many Markets - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"Low Inventory of Homes for Sale Plagues Many Markets The low inventory of for-sale homes is creating a seller\u2019s market throughout the country. “Buyers and agents are literally waiting for the next house,” says Rick Turley, president of Coldwell Banker Residential Brokerage for the San Francisco Bay Area. 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