Market Watch: Thinking of Selling? The Market Needs Your Listing!!

By
Real Estate Agent with Keller Williams Realty 0480787

SearchingForHome-KCM

The housing market is really heating up and buyer demand is dramatically increasing as we enter the spring season. However, one challenge to the current market is a major shortage of inventory. Below are a few comments made in the last month by industry experts.

Lawrence Yun, Chief Economist of NAR

“Looking ahead, the key for sustained momentum and more sales than last spring is a continuous stream of new listings quickly replacing what's being scooped up by a growing pool of buyers. Without adequate supply, sales will likely plateau."

Jonathan Smoke, Chief Economist of Realtor.com

"Low inventories and tight credit will limit the gains we will see in 2016. However, given the level of pent-up demand evident in web activity and stated buyer intentions for 2016, we should see this spring materialize as the busiest season of sales since 2006."

Rick Sharga, Ten-X's EVP

“Inventory is too low to support much higher sales. There's virtually no inventory available at the entry level, and single family housing starts and permits continue to languish at levels far below where they should be at this point of the recovery.”

David Crowe, Chief Economist of the National Assoc. 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.”

Freddie Mac

“Challenges remain, with low housing supply and declining affordability being a key concern in many markets.”

Like us on Facebook: The Kimberly Davis Group

Fresh Listings! Just listed Mckinney Area! Don't miss out!

Want to know the value of your home?  Click here: Find Your Homes Value Now For FREE.

Want to learn more information about a specific property?  Click here: The Kimberly Davis Group-Looking to Buy or Sell… The Kimberly Davis Group is ranked #1!

Posted by

Kimberly Davis is a Mega Agent with Keller Williams Realty in Plano, TX.  She is a native of McKinney, TX and has lived in Frisco, The Colony and currently is a resident of Plano, TX.  Kimberly is an internet marketing specialist and is excited about the growth of the Highway 121 corridor that includes the relocation or development of major corporations headquarters such as the Dallas Cowboys, Toyota, FedEx, Liberty Mutual, Nebraska Furniture Mart, Grandscape and more!

 

To search for properties in this area: Home Search Link

 

To get an estimate of your current value: Home Value

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Tags:
kw
frisco real estate
plano realtor
north texas homes for sale
kimberly davis group
kimcan

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
2,713,755
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Challenges are a part of life.  It is how we deal with them that makes the difference.  Make it an awesome day!

Apr 22, 2016 02:32 AM #1
Post a Comment
Spam prevention
Show All Comments

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

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

Rainer
135,032

Kimberly Davis

Plano, Frisco & The Colony, TX Real Estate
Ask me a question
*
*
*
*
Spam prevention