There is a housing shortage, but I bet you knew that. But have you ever wondered why?
Article image credited to Dattenfeld / Sutterstock.com
- The inventory challenge is not an economic issue.
- The real estate industry needs to learn how to explain itself better.
- Zestimates changed how consumers gained information, but few have been able to replicate the simplicity of it as a communications vehicle.
The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills
Comments
Related Articles
Traditionally, the spring real estate market is March through May, but in many markets it can start as early as February, around Ground Hog Day. Sometimes sales continue to be robust, and the peak selling season will stretch into June.
December’s data from six of the nation’s leading monthly market reports paint a picture of extraordinary demand that has made inadequate supplies of homes for sale even more dangerous by driving up prices above sustainable levels in some markets.
“The Autumn Revival” cooled off in December, but the National Association of Realtors Chief Economist Lawrence Yun said that’s nothing to sneeze at after experiencing the strongest housing market seen since the Great Recession.
New year, new home? The NerdWallet team says January and February are the prime months to purchase a home, thanks to lessened competition, lower home prices and higher mortgage rates looming ahead.