Hectic Buyer Activity Caused Housing Supply To Drop In December

Printer-friendly version
May 01, 2017

Rising interest rates toward the end of 2016 spurred buyers into locking in their mortgage rates. As CoreLogic reports, the market became so tight that the months of available housing supply dipped to 4.1 months, well under the recommended six months that a healthy market has.

Sparse inventory and high buyer demand has resulted in strong price gains over the last few years. Home prices are rising faster than incomes, and bidding wars are becoming more common.

With tight supply, it becomes more difficult to bargain with the seller and multiple offers are more likely to happen.

Some of the nation’s hottest markets include Denver, San Francisco, San Jose, and Seattle.

Read more

Comments on: "Hectic Buyer Activity Caused Housing Supply To Drop In December"

July 2017

This Month in Professional Builder

Products
Features

Ashton Woods launched Starlight Homes to target entry-level home...

Overlay Init