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Last week, we reported on the lack of housing supply and how that was impacting the real estate market. Today, we want to let you know what other industry experts are saying. Daren Blomquist, RealtyTrac Vice President:
“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.”

And some experts are actually calling it a “seller’s market”

Forbes.com
“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.”

Bottom Line

If you are debating putting your home on the market this year, now may be the time. The amount of buyers ready and willing to make a purchase is at the highest level in years. Contact a local professional in your area to get the process started.

Call us today to see how we can help you buy or sell a home before interest rates are on the rise. Visit www.thevoriesteam.com for a complete list of our homes for sale. If you are in the market to purchase a home, one of our knowledgeable Buyer's Specialists can help you develop a plan to make that dream come true. You can also contact us at 859.905.3332.

Information provided by KCM Blog

WE WOULD LOVE TO HELP YOU FIND YOUR DREAM HOME

WE are driven and devoted to make all clients feel as they have received the highest level of service possible! You will be pleased with the personal attention and promptness WE PROMISE you! Our Buyer's Agents will do all they can to make sure you are seeing those homes that could lead to your potential purchase. Make a consultation appointment with one of our educated Buyer's Agents today to see if you are ready to buy. WE can set you up with one of our Mortgage Representatives immediately to see what you can afford. Bad credit? These same individuals can put you on a plan to clean up your credit so that you will be able to buy in the future!

We are waiting to be your Outstanding Realtor Team!

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Keller Williams Realty takes a different approach to real estate, one that is built on personal touches, win-win deals and positive results. We use the latest technologies, market research and business strategies to exceed your expectations.  

 

How WE can help

Thanks for starting your real estate search with us. This website is full of information for you whether you are looking to buy or sell. After you have had the chance to review this information, contact us so we can tell you more about how we can help.



Thank You,

Jennifer, Tracy, Missy, Sandy, Derrick, Danae and Aaron

Are you ready to start the home search but don't know where to turn for a loan or to pre-qualify. Contact us and we can get you in touch with the best in the business!

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