Thousand Oaks Short Sale-What is holding back the Real Estate Market?

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Real Estate Agent with Allison James Elite CA. BRE 01501699

By Chris B Johnson Realtor,  Thousand Oaks Short Sale MapSimi Valley Short Sale Map,

Moorpark Short Sale MapVentura County Short SaleWhat is holding back the Real Estate Market? | Keeping Current Matters

Though the housing market is recovering nicely, it is not doing quite as well as some analysts had predicted. There has been no shortage of excuses offered as to why this is: the rise in interest rates, more stringent lending standards, the weather.

However, we feel that there is one factor that is most responsible for curtailing the number of houses sold – the number of houses available for sale!

Inventory Levels are BELOW Historic Norms

In a recent economic forecast, Freddie Mac addressed this exact issue:

“Including newly built homes in the inventory count, the total number of homes offered for sale relative to the number of households in the U.S. has been running at the lowest level in more than 30 years, as shown in the second exhibit. The relatively low for-sale inventory reflects several features of today’s market.”

“A supply-constrained market (holding other factors constant) will result in a decline in the volume of sales and an increase in real transaction prices.”

NAR Report Confirms Inventory Constriction

History shows us that a balanced real estate market requires a six month supply of available housing inventory. The National Association of Realtors released theirExisting Homes Sales Report earlier this week. The report revealed that we are still only at a 5.5 month supply of homes for sale. We have not reached the 6 month mark in over two years. The recent increase in buyers now looking will again put a strain on this number.

Bottom Line

While inventory levels remain below historic norms, it will remain a seller’s market. This being the case, if you are considering selling your home, now may be the time to list it for sale.

Many Ventura County Homes Appreciated by over 16% Last Year.  If you’re thinking of selling, yours may have now have enough equity to sell without being “Short”.

Pricing your home correctly the FIRST TIME is more important than ever!

If you want an accurate idea of what your home is worth Click Here:                      

You may now have enough EQUITY in your home to sell WITHOUT

having to be “short”. If you are thinking about a short sale I can help

you get an accurate value for your home and get back on your feet. 

 

If you would like periodic updates on what is going on in

Your Neighborhood or the Ventura County Real Estate Market, Click on the Links!

 

Thanks for reading this, 

 

Chris B Johnson

Chris B Johnson is a Realtor with Prudential California Realty, Berkshire Hathaway HomeServices . 

Phone: 805-208-0823. 

email cjohnson@BHHScalhomes.com.

 

Certified HAFA Specialist   Certified Distressed Property Expert   Certified Short Sale Negotiator  

 

Finding The Right Solution                                               How To Do A Short Sale


How To Write A Hardship Letter                            Loan Modification Kit

 

Short Sale VS Foreclosure                                    Loan Mod-Active Status Review

Is It Too Late For A Short Sale?                             The Truth About Loan Modification Approvals

Thousand Oaks Market Update                            Simi Valley Short Sale Trends

Moorpark Market Update                                        Moorpark Market Trends

Ventura County Mortgage Forgiveness              Ventura County Buyers vs Sellers

Are We Still UnderWater?                                      Which Way Is This Market Headed?

Simi Valley-Price To Sell??                                   Thousand Oaks Deficiency Judgment

Moorpark Short Sale-HyperLocal                          Thousand Oaks Short Sale-HyperLocal

Simi Valley Short Sale-HyperLocal                      Buy VS Rent    &    Buying Beats Renting

Single Point Of Contact = Success?                    Ventura County Short Sale Market Trends

Is Residential Real Estate Really a ‘Crapshoot’?          Why Do Over 2/3’s Of All Chapter 13 Bankruptcy’s Fail? 

The Return Of The Housing Market

Home Affordable Foreclosure Alternatives (HAFA)

Home Affordable Modification Program (HAMP)
Home Affordable Refinance Program (HARP)

Second Lien Modification Program (2MP)

Google+.  

http://ChrisBJohnson.housingtrendsenewsletter.com

Chris B. Johnson, Realtor, CDPE, SFR, BPOR, HAFA, CDAT

Prudential California Realty

Cell # 805.208.0823   CA. BRE 10501699

Email: cjohnson@prucalhomes.com

http://www.realtorbadge.com/getBadgeDetails.php?type=json&nid=a2o33f   

http://www.linkedin.com/in/chrisbjohnson

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