The #1 Reason It Is Difficult to Find Your Dream HomeThe headlines in real estate today all revolve around one major point: there is a shortage of homes available for sale. Price appreciation
Housing Inventory Disappearing Around The Nation
The price of any item is determined by the supply of that item, and the market demand. Inventory Levels & Demand Sales of existing homes rose 5.1% month-over-month in March and are 1.5% higher than this time last year. Total unsold housing inventory is 1.5% lower than March 2015 at a 4.5-month supply and remains well below the six months that is needed for a historically normal market.
Just realize that at all price points above $200,000 in the Disney Area Vacation Home Market we have over 9 months of housing inventory. It is clearly a buyer's market!
Image courtesy of Keeping Current Matters
Lance is a Retired Air Force Officer and skip-generation real estate agent -- his grandparents ran a real estate brokerage in Oregon during the 1960s and 70s. Lance helps mainly vacation home investor....
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