Tag Archives: Inventory

Several factors, including growing demand, inventory, and home prices, are reeling in the spring homebuying season a little early this year.

With homebuying season quickly approaching and inventory levels not showing any improvement, potential buyers could be faced with more competition and bidding wars for homes they have set their sights on.

While home prices are still rising due to buyer demand and low inventories, supported by low mortgage rates, eased lending standards, and improving job markets, they are doing so at a much slower pace.

Buyers that signed contracts to buy existing homes are being stopped by one major problem in the housing market—fewer options in the housing market.

"Many markets have experienced a low inventory of homes for sale along with strong buyer demand, which is sustaining upward pressure on home prices. These conditions are likely to persist as we enter 2016,” said Dr. Frank Nothaft, chief economist for CoreLogic.

NAR Chief Economist Lawrence Yun believes pending home sales have been restrained in the fall season as "buyers struggle to overcome a scant number of available homes for sale and prices that are rising too fast in some markets."

Home sales in October settled down from the booming summer season, dropping 7.7 percent from September, and 0.8 percent year-over-year, RE/MAX's October 2015 National Housing Report showed.

With the fall season well underway, the housing market is showing signs of slowing down with declines in demand and inventory.

In a nationwide survey of real estate investors bidding on single-family residential properties offered for auction during the third quarter of 2015, online real estate marketplace Auction.com found that flipping is still the preferred strategy over hold-to-rent.

Pending home sales loss more momentum in September 2015 for the second consecutive month due to scarce housing inventory, the National Association of Realtors announced Thursday.