Wednesday, April 10, 2013

Housing Shortage Will Dampen Spring Market

Housing Shortage Will Dampen Spring Market
The housing recovery is progressing, but a shortage of homes on the market will limit the number of home sales this spring selling season, industry insiders say. 
'If we don't see more people listing their properties, I don't think we will see the home sales volume increase that we are accustomed to seeing,' Glenn Kelman, chief executive officer of Redfin told Reuters. 'There are far more buyers than there are sellers on the market. We would have a huge boom spurred by low interest rates if there were more inventory on the market.' Read more ....

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