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U.S. Housing Inventory Hits a New Low…List Your House TODAY!

Thursday, July 27, 2017
by Gary and Nikki Ubaldini


Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.

Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Trulia reported that “U.S. home inventory has tumbled 8.9% over the past year and has now fallen for nine consecutive quarters.” There is now 20% less inventory than there was five years ago.

Here is a chart showing the decrease in inventory levels by category:

U.S. Housing Inventory Hits a New Low… List Your House TODAY! | Simplifying The Market

Bottom Line

Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the perfect time.

Thinking of selling your home? 
We can help - contact The Gary & Nikki Team today. Or call - 727-787-6995.

FIND OUT HOW MUCH EQUITY YOU HAVE

YOUR HOME COULD BE WORTH MUCH MORE
THAN YOU THINK!

Get a free, INSTANT home valuation. Click below.

Click here to get your instant home value now!

Thinking of Selling Your Home? You Should Act NOW!

Thursday, July 20, 2017
by Gary and Nikki Ubaldini

If you thought about selling your house this year, now more than ever may be the time to do it! The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.

Lawrence Yun, Chief Economist at the National Association of Realtors, recently commented:

“Buyer interest is solid, but there is just not enough supply to satisfy demand. Prospective buyers are being sidelined by both limited choices and home prices that are climbing too fast.”

Yun goes on to say:

“Current demand levels indicate sales should be stronger, but it’s clear some would-be buyers are having to delay or postpone their home search because low supply is leading to worsening affordability conditions.”

In this type of market, a seller may hold a major negotiating advantage when it comes to price and other aspects of the real estate transaction, including the inspection, appraisal and financing contingencies.

Bottom Line

As a potential seller, you are in the driver’s seat right now. It might be time to hit the gas.

Thinking of selling your home? 
We can help - contact The Gary & Nikki Team today. Or call - 727-787-6995.

FIND OUT HOW MUCH EQUITY YOU HAVE

YOUR HOME COULD BE WORTH MUCH MORE
THAN YOU THINK!

Get a free, INSTANT home valuation. Click below.

Click here to get your instant home value now!

Epic Housing Shortage Being Reported

Friday, July 14, 2017
by Gary and Nikki Ubaldini

The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study.

The first two revelations centered around the shortage of housing inventory currently available in both existing homes and new construction.

Regarding Existing Home Inventory:

“For the fourth year in a row, the inventory of homes for sale across the US not only failed to recover, but dropped yet again. At the end of 2016 there were historically low 1.65 million homes for sale nationwide, which at the current sales rate was just 3.6 months of supply – almost half of the 6.0 months level that is considered a balanced market.”

Regarding New Home Inventory:

“Markets nationwide are still feeling the effects of the deep and extended decline in housing construction. Over the past 10 years, just 9 million new housing units were completed and added to the housing stock. This was the lowest 10-year period on records dating back to the 1970s, and far below the 14 and 15 million units averaged over the 1980s and 1990s.”

Bottom Line

The biggest challenge in today’s market is getting current homeowners and builders to realize the opportunity they have to maximize profit by selling and/or building NOW!!

Thinking of selling your home? We can help - contact The Gary & Nikki Team today. Or call - 727-787-6995.

FIND OUT HOW MUCH EQUITY YOU HAVE

YOUR HOME COULD BE WORTH MUCH MORE
THAN YOU THINK!

Get a free, INSTANT home valuation. Click below.

Click here to get your instant home value now!

Existing Home Sales Surge into Summer [INFOGRAPHIC]

Wednesday, July 5, 2017
by Gary and Nikki Ubaldini

Some Highlights:

  • Existing Home Sales reached their third highest mark this year in May.
  • Inventory of homes for sale has dropped 8.4% since last year, marking the 24th consecutive month of year-over-year declines.
  • NAR’s Chief Economist, Lawrence Yun had this to say: “Those able to close on a home last month are probably feeling both happy and relieved. Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace and the prevalence of multiple offers in some markets are pushing prices higher.”

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Thinking of selling your home? We can help - contact The Gary & Nikki Team today. Or call - 727-787-6995.

FIND OUT HOW MUCH EQUITY YOU HAVE

YOUR HOME COULD BE WORTH MUCH MORE
THAN YOU THINK!

Get a free, INSTANT home valuation. Click below.

Click here to get your instant home value now!

Displaying blog entries 1-4 of 4

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Gary and Nikki Ubaldini
Keller Williams
30522 US 19 N., Suite 107
Palm Harbor FL 34684
(727) 787-6995
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