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Lack of Inventory to Hamper Home Buying Season #ChrisBJohnsonRealtor
Much of the news lately has been about the lack of inventory as we head into the home buying season. According to a recent article in Mortgage Professional America, Freddie Mac has indicated that the lack of supply is one of its top concern heading into the spring buying season — even going as far as to theorize that home sales in 2017 may fail to reach levels of last year.
The lack of housing inventory comes as a result of a combination of factors; most notably the reduction of new housing starts post-crisis, investors buying and now renting homes, and the lack of equity and/or rising interest rates keeping people in their homes longer than anticipated.
This month’s Home Value Forecast looked at national inventory trends over the last three years and came to the following conclusion — the lack of inventory is in fact very real.
AN IN-DEPTH LOOK AT INVENTORYhttp://actvra.in/544p
http://www.flexmls.com/share/qAYp/5308PlataRosaCTCamarilloCA93012
https://www.zillow.com/homes/for_sale/61304761_zpid/1_pnd/34.240002,-118.997955,34.238277,-119.001495_rect/17_zm/1_fr/?view=public
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