Why Is Housing Inventory So Low & When Will It Increase?

Why Is Housing Inventory So Low & When Will It Increase?

Many buyers and sellers are asking, “When will housing inventory increase?” The limited supply of homes for sale has made finding the right property challenging, driving up prices and frustrating potential homeowners. To understand when conditions might improve, we’ll explore the root causes of low housing inventory, current trends that may signal relief, and how these factors specifically affect the Florida housing market.

If you’re considering Davenport, this guide on the pros and cons of living in the area can help you make an informed decision.

What Is Causing the Housing Inventory Shortage?

The housing inventory shortage in the U.S. isn’t just a recent phenomenon—it’s the result…

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Central Florida Real Estate Market Recap - September 2021

September’s median home price was recorded at $318,000, down a slight drop from the record high of $320,000 set in August 2021

September 2021 Recap

State of the Market

• Orlando’s median home price dropped by $2,000 from last month. September’s median home price was recorded at $318,000, down a slight drop from the record high of $320,000 set in August 2021. The median home price has steadily been increasing over the last 11 months when it was recorded at $269,950 in October 2020.
• Overall sales in September dropped by 5.25%, with a total of 3,879 sales.
• Homes spent an average of 27 days on the market in September, an 8% increase from August.
• Inventory edged upward for the fifth straight month, rising by…

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Introducing Solterra Springs - New Construction Homes in the Mid $200K's

Click For Additional Information and Floorplans Available

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Why Real Estate Investing Is the Safest Choice

Gallup polls continue to report real estate as the preferred investment choice for Americans, topping stocks and besting gold for another year in a row. Surprised that real estate beats out gold with American investors? Read on to discover four reasons why real estate investing is the safest choice.

With many advisors predicting the end of the bull market, investors with all of their eggs in the stock market basket could be headed towards losing the gains they’ve experienced over the last eight years or so. Real estate, however, is much less of a gamble and far more accessible for potential investors.

Low-risk

Unlike the stock market, which is unpredictable at best, real estate investors can make market predictions based on hard data to…

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Questions to Ask When Buying A House

When looking through the different homes for sale in Kissimmee, FL, you’ll quickly need information about the home you’re considering. Asking the right questions will give you a lot of insight about the home and the circumstances surrounding its sale. Prior to buying your next home, consider asking the seller some of the following questions about the house.

Best Questions to Ask About Houses for Sale in Kissimmee, FL

Why Is The Home For Sale Now?

The first question to consider is why the seller has decided now is the time to sell their house. Some people want to get a bigger or smaller house because of their specific circumstances. Others had a job transfer, or they want to move closer to family.

However, not all buyers are going to be honest when…

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Central Florida Real Estate News - February 2019

Click for the Full Report

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In the Near Future, Buyers Could Use Bitcoins to Purchase a Home

In the not too distant future, if someone were to ask, “How much did your home cost?” the answer would probably be, “18 bitcoins.” For that’s the going rate for an average American home in cryptocurrency, according to a recent analysis reported by Redfin.

Homes for Sale in Davenport FL

Although most brokerage firms do not currently accept cryptocurrency as a form of payment, the report notes Redfin’s agents in cities across the U.S., especially California, have said they had conversations with people about using cryptocurrency as part of their transaction.

But is cryptocurrency set to become the payment of choice among homebuyers and sellers?

“It’s hard to say whether the use of cryptocurrency to buy and sell homes is a long-term trend or just…

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Buyers More Positive About Housing Market

Homebuyers are becoming increasingly more positive about today’s housing market. According to Fannie Mae’s recent Home Purchase Sentiment Index (HPSI), the number of buyers who say now’s a good time to buy is up seven percentage points for the month—and is nearing its highest point on record.

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The HPSI for November weighed in at 87.8—up from just 85.2 in October and 82.2 last year. Currently, about 29 percent of consumers believe it’s a good time to buy a home.

According to Doug Duncan, Fannie Mae’s Senior VP and Chief Economist, November’s HPSI indicates the market may be in for an upturn come 2018.

“In November, the HPSI rebounded to near its all-time high, returning the index to its gradual upward trend and…

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What’s in Store for Existing Home Sales . . .

The National Association of Realtors (NAR) recently released its Existing Home Sales report—discovering that October 2017 reported the strongest pace since June, but low supply continues to lead to fewer closings on an annual basis for the second month in a row.

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Amidst the ongoing narrative of supply shortages, the report found that total existing-home sales increased by 2.0 percent to a seasonally adjusted annual rate of 5.48 million in October from 5.37 million in September.

According to NAR’s Chief Economist Lawrence Yun, this slight increase is attributed to job growth, which in most of the country continues to carry on at a robust level and is starting to slowly push up wages—giving households added assurance…

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Suburbs: Where Americans are Migrating

Politics and affordability are causing Americans to relocate.

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In the first half of 2017, 7.4 percent more people moved out of blue (Democratic) counties than to them, while red (Republican) counties experienced a 1 percent increase. Purple counties, which are classified as counties that share an equal balance of Democrats and Republicans, gained 2.3 percent more than they lost, and swing counties in swing states experienced 1.8 percent more Americans moving in than out.

“As blue counties are becoming increasingly less affordable, we see a great number of residents moving to red counties where they can afford the lifestyle they want,” said Chief Economist Nela Richardson.

According to the data, the shift is…

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