Winter is the perfect time of year for plenty of things: making snow angels, going ice skating, and drinking hot cocoa by the fire are all things that come to mind. But do you know what else winter
HISTORICALLY LOW INVENTORY CREATES PERFECT STORM FOR PEOPLE WANTING TO SELL THEIR HOME
According to Realtor.com’s recent Housing Shortage Report, the US is experiencing the worst inventory shortage in two decades. And while this presents a definite challenge for people looking to buy a home, it creates the perfect storm of opportunity for those wanting to sell. According to Realtor.com’s research, the housing shortage can be attributed to the baby boomer generation being unwilling to sell in the current market. In fact:
Boomers are keeping approximately 33 million properties off the market — a huge contributor to the historically low inventory the US is experiencing. But this historically low inventory means that there couldn’t be a better time to sell. Low inventory means more competition, and more competition typically means higher offers and a better deal for sellers — especially if you’re selling a starter home. Thanks to millennials entering the homebuying market for the first time, starter homes are the most in demand selling point on the market. And since they experienced a 17% decrease in supply from 2016 to 2017, a great starter home will be an even hotter commodity in 2018.
• Licensed and in the business full-time since 2000 • Former owner/operator of a privately-owned brokerage • Experienced Agent Mentor/Instructor/Coach • Mom to Mason • Chocolate and Beach Co....
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Plenty of home sellers consider their places to be coveted properties that others would be lucky to own. But, that hubris can often lead to trouble when it comes to actually landing an offer and
According to Realtor.com’s recent Housing Shortage Report, the US is experiencing the worst inventory shortage in two decades. And while this presents a definite challenge for people