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Lack of Inventory Challenging Many Housing Markets

Lack of Inventory Challenging Many Housing Markets | Keeping Current Matters

Going into the 2016 spring market, the biggest challenge the real estate industry has is the lack of available housing inventory for sale. Here are a few experts and their thoughts on the subject:

David Crowe, Chief Economist for the National Association of Home Builders:

“Many sellers may not have an absolute decision as to whether to buy an existing home or a new home. So the low inventory of existing homes is locking them in place.”

Ralph McLaughlin, Chief Economist with Trulia:

“We are in a time of short supply, which is great news for sellers because they will likely be faced with multiple offers due to the little inventory out there…Buyers will be up against a lot of other people and against a short supply of existing homes.”

Lawrence Yun, Chief Economist with NAR:

“First-time buyers in high demand areas continue to encounter instances where their offer is trumped by cash buyers and investors. Without a much-needed boost in new and existing-homes for sale in their price range, their path to homeownership will remain an uphill climb.”

Fitch Ratings:

“One important issue that has restrained sales and starts is inventory. On an absolute basis, inventory has not expanded as much as in past recoveries, leading to less selection for buyers. This is especially true for existing home sales but is evident for new home construction as well. When it comes to U.S. housing inventory, more is better.” 

Jonathan Smoke, Chief Economist for Realtor.com:

“The increase in sales is resulting in continued tighter-than-tight supply—measured by NAR to be four months in January.  For you non-economists out there, that metric measures the number of months it would take to sell the current inventory of available homes, at the current pace. Got it? Six to seven months’ worth of homes on the market is considered normal; four months is cray-cray.”

Buyer Information

203 Hunterwood Dr, White House, TN, Home For Sale

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Beautiful, move in ready home located in the Northwoods Subdivision in White House TN. 3 bedrooms, 2 full baths, 2 car garage, 1867 square ft, covered deck, patio, great subdivision! Priced to sell at $175,000.  3rd bedroom is presently being used as a bonus room.  Contact me today for more details.

White House offers walking trails, restaurants, shopping.  With close proximity to Interstate 65 you are less than 30 miles to downtown Nashville and even closer to Franklin, KY.  A great small town where the community really comes together to support each other.

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Contact Me Today!

Tina Redding, RealtorEXIT Real Estate Solutions, 103 Hazel Path Ct, Suite 2, Hendersonville TN 37075

Cell (615)268-5985/Office (615)826-0001/Email tinar@realtracs.com/homesbytinaredding.com

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Each office owned and independently operated
Serving all of your Real Estate needs in Middle TN
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Featured Listing of the Week 2404 Highway 31W White House TN

2404 Highway 31W White House TN

Great opportunity to own a small business in White House!  This locally owned restaurant has everything you need to make your dreams come true if owning a restaurant is in your future.  Location, Location, Location – right on Highway 31W, building has 3,398 square ft, paved parking areas, upgraded electrical, complete with restaurant equipment.  Currently owned and operated as “Granny’s Home Cooking”, buffet style.

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Listing Price $279,000/MLS #1611719/2404 31W Hwy, White House TN/Listing courtesy of EXIT Real Estate Solutions

*Buyer and/or buyer’s agent to verify all pertinent information regarding this property.

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Contact Me Today!

Tina Redding, RealtorEXIT Real Estate Solutions, 103 Hazel Path Ct, Suite 2, Hendersonville TN 37075

Cell (615)268-5985/Office (615)826-0001/Email tinar@realtracs.com/homesbytinaredding.com

  big_exit_logo.png

Each office owned and independently operated
 
Serving all of your Real Estate needs in Middle TN
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