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Tag Archives: Inventory

The Week Ahead: What’s Next for Pending Home Sales?

On Wednesday, March 29th, the National Association of Realtor (NAR) will be releasing its latest Pending Home Sales Index. Lawrence Yun, Chief Economist for NAR, stated that a decline in contract signings during December 2016 indicated that activity will likely be “choppy in coming months,” as buyers struggle to find the perfect home in their price range. Also, read the full lineup of industry reports that will be releasing this week.

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Home Inventory’s Effect on Consumer Confidence

Fifty-six percent of renters feel that now is a good time to buy a home, which is down from 57 percent last quarter, and down even further from 62 percent a year ago. Comparatively, 80 percent of homeowners feel now is a good time to buy.

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Is Low Inventory Holding Back Home Sales?

Many buyers reported that finding a home that fits their needs was the biggest obstacle to buying a home. Lately, however, more prospective buyers are reporting that they are having trouble simply finding a home at all.

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