August 2017

Found 1 blog entry for August 2017.

 

 

Spring is traditionally the busiest season for real estate. Buyers, strategizing and preparing their move all winter, come out in full force in search of their dream home. Homeowners, in anticipation of the increased demand, are motivated to list their house for sale and move on to the home that will better fit their needs.

New data from CoreLogic shows that even though buyers came out in force, as predicted, homeowners did not react to the increased demand and list their home in time to meet the buyers' needs. According to Frank Nothaft, Chief Economist of CoreLogic, the slow down of the sales growth was not due to a lack of affordability, but rather a lack of inventory. Data shows that as of Q2 of 2017, the unsold inventory as a

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