We Have Buyers And Bidding Wars And Not Enough Inventory

We Have Buyers And Bidding Wars And Not Enough Inventory

The housing market is really heating up and buyer demand is dramatically increasing as we enter the spring season. However, one challenge to the current market is a major shortage of inventory. Below are a few comments made in the last month by industry experts.


Lawrence Yun, Chief Economist of NARImage title


"Looking ahead, the key for sustained momentum and more sales than last spring is a continuous stream of new listings quickly replacing what's being scooped up by a growing pool of buyers. Without adequate supply, sales will likely plateau."


Jonathan Smoke, Chief Economist of Realtor.com


"Low inventories and tight credit will limit the gains we will see in 2016. However, given the level of pent-up demand evident in web activity and stated buyer intentions for 2016, we should see this spring materialize as the busiest season of sales since 2006."


, Ten-X's EVP


"Inventory is too low to support much higher sales. There's virtually no inventory available at the entry level, and single family housing starts and permits continue to languish at levels far below where they should be at this point of the recovery."


David Crowe, Chief Economist of the National Assoc. of Home Builders


"Many sellers may not have an absolute decision as to whether to buy an existing home or a new home. So the low inventory of existing homes is locking them in place."


Freddie Mac


"Challenges remain, with low housing supply and declining affordability being a key concern in many markets."


Thinking of selling and want to know what you could sell your home for in this market?  Contact me today for a free market analysis of your home to find out.  Don't sell yourself short and rely on websites to give you an estimate of your homes' value.  If you would like to know how much you could sell your home for in this fast paced market click here for a free in-home consultation.




Deborah Boyd Headshot
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Phone: 940-368-1306
Dated: April 20th 2016
Views: 619
About Deborah: My family has lived in North Texas for generations so I personally know the residential areas of Fri...

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