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“It’s kind of a seesaw right now between supply and demand. One of the reasons for fewer sales is not so much a lack of demand but a lack of supply, especially in the price range the majority of buyers were looking for.”Diana Olick, CNBC’s Realty Check:
“Total sales are still running below expectations for the year. Don't blame winter weather, though. Blame the lack of supply.”Bill McBride, Founder of Calculated Risk:
“Inventory is still very low (down 0.5% year-over-year in February). This will be important to watch over the next month at the start of the spring buying season.”Lawrence Yun, Chief Economist at the National Association of Realtors:
“Insufficient supply appears to be hampering prospective buyers in several areas of the country and is hiking prices to near unsuitable levels. Stronger price growth is a boon for homeowners looking to build additional equity.”Realtor.com
“The National Housing Trend Report shows that inventory has decreased 10.9 percent year over year.”
“Tight inventory is a main reason the ball is still in the sellers' court.”Bill Banfield, VP of Quicken Loans:
“We’re a bit low on the supply-side which could force prices up for buyers, further hammering home that we’re in a seller’s market.”
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