According to the National Association of Realtors Housing Opportunities and Market Experience Survey (NAR HOME), the solution to low inventory woes may not come from robust housing starts or flipping single-family rentals into owner-occupied homes again. It may come from the 71 percent of homeowners who feel it’s a “good time to sell” their home — opening up a wealth of new listings.
- The majority of homeowners feel it's a good time to sell, but they're holding off.
- Renter confidence is continuing to wane, with only 52 percent of renters believing it's a good time to buy.
- Renters are staying put due to worries about personal finances, perceptions about qualifying for a mortgage and scarcity of affordable homes.