Low U.S. Housing Inventory Results in More Competition, Higher Prices, Older Homes

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The housing market predictions 2019 expect the market see modest inventory gains, but with mortgage rates expected to hit 5.5 percent by the end of the year, monthly mortgage payments will rise 8.

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" There is now 20% less inventory than there was five years ago. Here is a chart showing the decrease in inventory levels by category: Bottom Line. Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the perfect time.

To access the housing report infographic, visit: rem.ax/2cYFT50. November’s inventory. of lower competition for available homes in the ‘slow season.’" contos added that, while consumer confidence.

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That money may be replaced by a huge push of U.S. more interest, especially those from Boston. As of November 14, there were 52 homes for sale in Port Royal, showing about a 16.5-month supply,

Housing Inventory for 2018. But then it seems like the tables are slowly taking a turn in the housing market that experts are seeing a better outlook for the coming year. In fact, Realtor.com released their 2018 National Housing Forecast report and things seem to look good in terms of housing inventory for 2018. It’s one of their forecasted.

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"However, given the low inventory of homes available for sale in today’s market, this challenge of aging U.S. housing supply can also be an opportunity for buyers looking for a bargain and.

The inventory of existing homes shrunk to the lowest level in NAR’s records which date back to 1999. There were 1.65 million existing homes available for sale at the end of December, down 10.8.

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Other contributing factors include low unemployment rates, favorable demographics and a tight supply of existing home inventory. In addition, new housing starts. 50 indicates that more builders.