THE REAL ESTATE MARKET TRENDS IN REAL TIME!
This Week from Mike Simonson, Altos Research: Inventory decline continues!
|Inventory decline continues to be the story of the day, and in today's video, I do a deep dive into what that means for the market.
We've seen two weeks in a row of declining inventory of homes for sale, and each week, available inventory is falling faster than our forecasting model anticipated. So even as mortgage rates have spiked and payments are more expensive, which has led some buyers to pull back, so too are sellers sitting on the sidelines. We still have a critical shortage of homes for sale in this country, and it no longer appears that this going to change any time soon.
Watch today's video for the story behind the surprising drop in inventory and our inventory forecast for the rest of the year, along with all the latest on pricing, immediate sales and more.
KEEPING OUR CLIENTS INFOMRED
We work hard to keep our clients informed about the market while they’re buying or selling their home. These weekly reports use real-time data so our clients can make decisions based on what’s happening in the market right now and how the market is changing week by week.
A few questions these reports can help you answer:
Is now a good time to buy or sell?
Check the “Market Action Index” to see if the market is heating up or cooling down.
How’s the market in my price range?
Click into the “Market Segments” charts to see the how the market is behaving in different price ranges.
What can I get in my price range, and where should I look?
Use the “Median List Price” charts to see what you can buy in your price range, and search by zip code to compare different neighborhoods.
Feel free to share this report with your friends and family, and please let us know if you have any questions about the market or if we can help you in any way.
We can be reached at 877-522-7726 or by email: Team@barsaminc.com