Thursday, July 24, 2014

Real Reason for an Inventory Shortage?

Real Reason for an Inventory Shortage?
Un-advertised listings distort housing inventory: The number of homes listed for sale nationally is finally beginning to rise, but ask anyone looking to buy a home and the majority will complain there is nothing out there. While the number of homes for sale nationwide is showing signs of inching up, inventories still remain constrained in many housing markets across the country. Could "pocket listings" - for-sale properties that aren't marketed widely or postedon the MLS - be the real culprit?  This usually happens when the market is very tight, and buyers are willing to make larger offers up front to negate the risk of a bidding war, Read more

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