· The dwindling inventory has been one of the key drivers of the current housing market, pushing prices higher and edging out marginal would-be buyers.
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UPDATE: The 2019 National Housing Forecast Inventory constraints that have fueled a sharp rise in home prices and made it difficult for buyers to gain a foothold in the market will begin to ease.
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That said, home prices should remain higher year-over-year, though, as the months supply of inventory metric (which measures inventory versus demand) was at just one month in September 2018, where a balanced market, not favoring buyers or sellers, is typically between 4-6 months of supply of inventory.
Zillow is reporting this week that a limited U.S. housing inventory and rapid price appreciation have kept sellers firmly in the driver’s seat for several years as the United States recovered from the housing market collapse in 2008. Now, buyers are gaining more negotiating power as the housing.
Over the last couple of years the U.S. housing market has transformed into something of a seller’s market, especially in fast growing cities favored by Millennials. Declining inventory. to 3% next.
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Increasingly strong demand has been contributing to dwindling inventory across the nation. While building more homes would certainly be a step in the right direction, it’s healthy demand for for-sale homes that has been driving the market – another sign that the housing market is recovering nicely.
Sunny days aren’t in the cards for the city’s real estate market, a recently released. She points to continued high unemployment as a key driver that – as it did in 2018 – will negatively affect.
Something is up, or more likely down, with the U.S. housing market. And the reconstruction after Hurricane Harvey may not do much to help. Here’s the evidence: The latest take on home-builder.
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Thanks to continued inventory issues, economists and real estate experts alike are predicting that 2018 will be a seller’s market, giving homeowners pricing leverage in a landscape with weak.
Housing Market Forecast to Shift to Favor Buyers by 2019. Alaska topped the list with a 39% likelihood of home price declines in the next two years; followed by North Dakota with a 33% chance; Wyoming, 31%; West Virginia, 26%; Oklahoma, 16%; Louisiana, 15%; New Mexico, 11%; and Mississippi, 10%.