#1 Reason to List Your House for Sale, NOW!
If you’re debating listing your house for sale, here’s the #1 Reason to List Your House for Sale, NOW!
#1 Reason to List Your House for Sale, NOW! Buyer Demand Continues to Outpace the Supply of Homes for Sale
The National Association of REALTORS’ (NAR) Chief Economist Lawrence Yun recently commented on the inventory:
“Last month’s dip in closings was somewhat expected given that there was such a strong sales increase in March at 4.2 percent. New and existing inventory is not keeping up with the fast pace homes are coming off the market.
Demand is easily outstripping supply in most of the country. It’s stymieing many prospective buyers from finding a home to purchase”.
The latest Existing Home Sales Report shows that there is currently a 4.2-month supply of homes for sale. This remains lower than the 6-month supply necessary for a normal market, and 4.6% lower than a year ago.
The chart below details the year-over-year inventory shortages experienced over the last 12 months:
Anything less than a six-month supply is considered a “seller’s market.”
Bottom Line
Let’s get together and discuss the supply conditions in your neighborhood. We’re able to assist you in gaining access to the buyers who are ready, willing and able to buy now!
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IRS Extends Federal Tax Due Date to April 18…In Honor of Emancipation Day
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Southern California Home Sales Down 10% in February…More Short Sales?
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Christina Aguilera Selling Beverly Hills Estate…$13.5Million
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Cary Grant's former Palm Springs Abode…$2.995 Million
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California Association Of Realtors Help Homeowners With Short Sales!
As a Realtor, I'm very happy to see California Association Of Realtors taking a stand on the much needed topic of processing Short Sales and dealing with unresponsive lenders. There are so many reasons that we all must stand up and hold these lenders accountable. A...
MARS Act Disclaimer
This entire page is a disclaimer required on behalf of the Federal Trade Commission who, to date has not implicated 1 CEO, President or VP from any major bank for their actions in creating and escalating the failure of the mortgage banking and housing industry. The...
HAMP Massive Flop According to Treasury…Even More Short Sales Coming
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Cash is King in California…Cash Buyers for February Represent almost 31% of Home Sales
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This Could Be the End of Banks as We Know It…We Called This
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NAR Release: Homeowners in Default…Stay in Home and Average of 19 Months without Payments…Still More Short Sales Coming
What is a short sale? This release from NAR just today... Banks and mortgage servicers are taking more time to foreclose on defaulting home owners--a process that can take up to 2 years now, USA Today reports. A backlog in foreclosures has occurred within a number of...
Case-Shiller Home Prices Drop Across US another 3.9%…More Short Sales
Data through December 2010, released this morning byStandard & Poor’s show that the S&P/Case-Shiller national home price index declined by 3.9 percent quarter-over-quarter during the last three months of 2010. The closely watched gauge is down 4.1 percent...
Celebrating Presidents Day…Current and Former Presidents Homes…Any Short Sales?
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Frankie Muniz "Malcolm in the Middle" Star Selling Hollywood Hills Home
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New York Judge Rules "MERS" is "Illegal" in it's Practices…More Short Sales
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Home Prices Drop 12% in 2010…Twice the Amount that NAR Reports…More Short Sales
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Judy Garlands Former Los Angeles Home For Sale $5.5 Million
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