Today’s housing market is brimming with potential, as evidenced by the glorious return of equity and consumer confidence. However, for real estate to truly cross the recovery threshold into what you might consider to be a period of sustained prosperity, it will need to overcome at least one more significant hurdle: barren inventory reserves. When inventory is low For what it’s worth, people want to buy houses, and they are more prepared to do so than they have been in the past five years; they just aren’t awarded the opportunity. Inventory levels, or lack thereof, have prevented the entire industry from moving forward. Fortunately, it appears as if the tide is turning. Not only is hope on the horizon, but it might also already be here. It's important to note that we might be on the verge of drastically improving our inventory reserves sooner rather than later, which spells great news for everyone in the industry. If for nothing else, seller sentiment has reache...
- The latest seller sentiment survey results from Redfin are nothing but encouraging and should work in favor of those agents who are willing to put in the time and effort.
- Seller sentiment has never been higher than it is right now, and real estate agents aware of the trend could benefit immensely from an impending influx of business.
- Confidence exhibited by today’s sellers could be the answer we need to solve the inventory crunch holding the market back.
The real estate event of the summer
Connect with other top producing agents at Connect SF, Aug 7-11, 2017