What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

What's my home worth?

Enter your information and I'll get right back to you with a free home estimate.
Find out!
check

Sent

Steve Goodman, Realtor, Broker Associate

Find Your Home











Steve Goodman, Realtor, Broker Associate

Pinnacle Estate Properties, Inc.

A Lack of Inventory Continues to Impact the Housing Market

May 13, 2019


The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up and distressed sales (foreclosures and short sales) have fallen to their lowest point in years. The market will continue to strengthen in 2019.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory! Buyer demand naturally increases during the summer months, but supply has not kept up.

Here are the thoughts of a few industry experts on the subject:

Lawrence Yun, Chief Economist at National Association of Realtors

“Further increases in inventory are highly desirable to keep home prices in check, the sustained steady gains in home sales can occur when home price appreciation grows at roughly the same pace as wage growth.”

Jessica Lautz, Vice President of NAR

“There’s a supply-demand mismatch… More inventory is needed at the lower end and a price reduction may be needed at the upper end.”

Danielle Hale, Chief Economist of Realtor.com

“Heading into spring, U.S. prices are expected to continue to rise and inventory is expected to continue to increase, but at a slower pace than we’ve seen the last few months as fewer sellers want to contend with this year’s more challenging conditions… A buyer’s experience will vary notably depending on the market and price point they’re targeting.”

Bottom Line

If you are thinking of selling, now may be the time! Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price!


Tags:

Featured Listings

sold
Sold for $1,510,000 , 4+4 Sand Canyon, House + Guest House+ Barn + Horse Arena+Backyard Pool/Spa/Waterfall, Fire-pit, Built-in BBQ, Sports Court with Majestic Gated Driveway in Amazing Scenic Community, Panoramic Views, A Must See!
$1,510,000
sold
4
beds
4
baths
5,129
Sq Ft
sold
Must see this beautifully Upgraded and impeccably maintained Valencia end of Culdesac Today Tract home situated close to award winning schools, shopping, restaurants. Enter this Spacious 1624 sq ft, 4+2 model w/Newer Vinyl Dual Pane Windows throughout+ +
$619,900
sold
4
beds
2
baths
1,624
Sq Ft
sold
* SPECTACULAR View Home situated atop prestigious Gated West Hills-Valencia offering Master Balcony and Breathtaking Unobstructed Panoramic View on Premier Lot, Built-in Spa and Cascading Waterfall, Private Side Yard & over $90k in upgrades. 1st Floor Bdm
$749,000
sold
4
beds
4
baths
2,502
Sq Ft
listed
MUST SEE-Amazing Private Hillside on over 1/2 Acre Lot, Upgrades, Spacious Floorplan. See Tour.
$549,900
listed
2
beds
2
baths
891
Sq Ft

Recent Posts

Get Started!