Biggest Challenges the Housing Market Faces Today

By
Real Estate Broker/Owner with Waterfront Properties & Club Communities

The housing market is starting to head back in the right direction. Home buyers are driving prices higher and higher. The market still has obstacles though. Here are the biggest challenges the housing market still faces.

Tight credit- Prospective buyers are still struggling to get loan approvals. Due to lenders being overly cautious, the housing market can't make a full recovery quite yet.

Lack of inventory- There are not enough homes for sale right now to satisfy the demand. As the economy recovers, more people are testing the home buying market. This is causing bidding wars amongst potential home buyers.

Negative equity- Even though it is currently a seller's market, many people are still upside down on their homes and therefore can't sell. As home prices go up, more people will startl listing their homes becuase the prices will start getting closer to what they paid for it.

For home listings in your area, visit www.waterfront-properties.com.

Posted by

Waterfront Properties & Club Communities

825 Parkway Street, Suite #8

Jupiter, FL 33477

561-746-7272

Facebook Twitter More...

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Best Practices

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
286,597

Waterfront Properties

Ask me a question
*
*
*
*
Spam prevention