money.cnn.com - The good news for housing is that price gains next year are expected to be only about half as strong as in 2013, when sellers stayed on the sidelines. Yes, that's good news. "For a sustainable recovery you want to see more balance between buyers and sellers," says David Stiff, chief economist at CoreLogic Case-Shiller, which is forecasting a 6.8% rise in the median home value for 2014.Inventory is already improving. Nationwide, the number of homes for sale in September rose 1.8% vs. a year earlier, according to the National Association of Realtors. That's the first increase since late 2011. In Los Angeles, Atlanta, and Orlando, inventory was 10% or higher than a year earlier. To read more of this article, click the link…
Tagged : house inventory
Found 5 blog entries tagged as "house inventory".
Home buyers unable to find a home earlier this year are taking to the market this winter despite the colder weather and limited inventory, according to realtor.com’s Winter Home Buyer Report.
More than 1,300 people looking to buy a home during the winter months told realtor.com that lingering conditions from the past home-buying season, including inventory challenges and all-cash offers, continue to set the tone for them as they enter the winter season.
To read more of this article, click the linke below:
money.cnn.com - The number of available houses in the hottest markets has dropped dramatically over the past year, says the National Association of Realtors: In the Boston area, for one, inventory levels are down 29% vs. 2012. And Denver, Seattle, and San Francisco aren't far behind.
"Some homes are flying off the market in a matter of days," says Paul Bishop, VP of research for NAR.
Shopping in a popular spot? You'll have to go beyond the usual sellers' market tactics, such as getting prequalified for a mortgage. These strategies will help you find homes first, stopping a bidding war before it starts.
To read more of this article, click the link below:
For her contributions to the following transcript of a conversation this week, I need to thank Bonnie Martin, broker/owner of Heart of Montana Realty in downtown Bozeman, for giving us her honest best during this interview—no questions unanswered, full candor, no retractions.
TBM: We’ve heard a few rumors… but why don’t you paint a clear picture of Bozeman’s real estate market right now?
Bonnie: In the downtown area, it’s still very similar to 2006. A lot of people have discovered Bozeman as an ideal place to live. It’s the feel of that—the beauty, the college, great schools, mountains, and the walking distance, the simple lifestyle.
But what about the real estate market? I’m hearing it’s crazy-silly out there.
Bonnie: Bozeman has always been
forbes.com - 1. This fall, the housing market may avoid the slide that has occurred each of the last three years because of an improving balance between supply and demand, declining REO sale shares and a slowly declining foreclosure inventory.
2. A lower likelihood of foreclosures flooding the housing market is beneficial because the market is more likely to absorb the inventory without dramatic changes in price.
3. Many borrowers in both the boom and “rust-belt” markets lack the means to prevent serious delinquency due to their limited ability to refinance at a lower mortgage interest rate. Policies designed to offer options for borrowers to lower their interest rates further can help decrease the flow of future delinquencies.
4. The current share of…