[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3freldoif9157":3,"$f2emv3tus0uf1":35,"$fbwk2pqjjqsc7":39},{"item":4,"previous":23,"next":29},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":21,"updatedAt":22},551,"housing-inventory-disappearing","Housing Inventory Disappearing","The price of any item is determined by the supply of that item, and the market demand. The \u003Cem>National Association of Realtors (NAR)\u003C\u002Fem> recently released their latest \u003Ca href=\"http:\u002F\u002Fwww.realtor.org\u002Fnews-releases\u002F2016\u002F04\u002Fexisting-home-sales-spring-ahead-in-march\">\u003Cem>Existing Home Sales Report\u003C\u002Fem>\u003C\u002Fa> which gives insight into today’s market conditions.","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2016\u002F04\u002F01161442\u002FInventory-STM.jpg","The price of any item is determined by the supply of that item, and the market demand. The \u003Cem>National Association of Realtors (NAR)\u003C\u002Fem> recently released their latest \u003Ca href=\"http:\u002F\u002Fwww.realtor.org\u002Fnews-releases\u002F2016\u002F04\u002Fexisting-home-sales-spring-ahead-in-march\">\u003Cem>Existing Home Sales Report\u003C\u002Fem>\u003C\u002Fa> which gives insight into today’s market conditions.\u003C!--more-->\r\n\u003Ch4>\u003Cstrong>Inventory Levels & Demand\u003C\u002Fstrong>\u003C\u002Fh4>\r\nSales of existing homes rose 5.1% month-over-month in March and are 1.5% higher than this time last year. Sales rose in all four major regions in March.\r\n\r\nTotal unsold housing inventory is 1.5% lower than March 2015 at a 4.5-month supply and remains well below the six months that is needed for a historically normal market.\r\n\r\nConsumer confidence is at the highest level in over a decade. Pair that with interest rates still \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fpmms\u002Fpmms_archives.html\">below 4%\u003C\u002Fa>, programs available for down payments as low as 3%, and you have an attractive market for buyers.\r\n\r\nHomes sold in March were on the market for an \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2016\u002F04\u002F27\u002Fhomes-continue-to-sell-quickly-nationwide\u002F\">average of 47 days\u003C\u002Fa> and 42% of properties sold in less than a month.\r\n\u003Ch4>\u003Cstrong>Prices Rising\u003C\u002Fstrong>\u003C\u002Fh4>\r\nMarch marked the 49th consecutive month of year-over-year price gains as the median price of existing homes sold rose to $210,700 (up 5.7% from 2015).\r\n\u003Ch4>\u003Cstrong>So What Does This Mean?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nThe chart below shows the impact that inventory levels have on home prices.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2016\u002F05\u002FSupply-Demand-STM.jpg\">\u003Cimg class=\"alignnone wp-image-33368\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2016\u002F05\u002FSupply-Demand-STM.jpg\" alt=\"Housing Inventory Disappearing | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\n \r\n\r\nNAR’s Chief Economist, Lawrence Yun gave some insight into the correlation:\r\n\u003Cblockquote>\u003Cem>\"Buyer demand remains sturdy in most areas this spring and the mid-priced market is doing quite well. However, sales are softer both at the very low and very high ends of the market because of supply limitations and affordability pressures.\"\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you are debating putting your home on the market in 2016, now may be the time. The number of buyers ready and willing to make a purchase is at the highest level in years. Let's meet up so we can get the process started.","\r\nIf you are debating putting your home on the market in 2016, now may be the time. The number of buyers ready and willing to make a purchase is at the highest level in years. Let's meet up so we can get the process started.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2016\u002F05\u002FSupply-Demand-STM.jpg",false,[17],{"id":18,"name":19,"slug":20},6,"For Sellers","sellers","2016-05-03T10:00:06Z","2016-05-03T10:46:32Z",{"id":24,"slug":25,"title":26,"featuredImage":27,"publishedAt":28,"contentType":10,"isVideo":15},550,"billionaire-buy-a-home-and-if-you-can-buy-a-second-home","Billionaire: Buy a Home… And if You Can, Buy a Second Home!","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2016\u002F05\u002F01161446\u002FSTM.jpg","2016-05-02T10:00:55Z",{"id":30,"slug":31,"title":32,"featuredImage":33,"publishedAt":34,"contentType":10,"isVideo":15},552,"americans-rank-real-estate-1-long-term-investment","Americans Rank Real Estate #1 Long Term Investment ","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2016\u002F05\u002F01161438\u002FSTM-Share.jpg","2016-05-04T10:00:57Z",{"cover":36,"open":37,"shareSpread":38},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[40,44,48,49,53,57,61,65,69,73,77,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153],{"id":41,"name":42,"slug":43},1,"Uncategorized","uncategorized",{"id":45,"name":46,"slug":47},5,"For Buyers","buyers",{"id":18,"name":19,"slug":20},{"id":50,"name":51,"slug":52},7,"Foreclosures","foreclosures",{"id":54,"name":55,"slug":56},8,"Infographics","infographics",{"id":58,"name":59,"slug":60},9,"Home Prices","home-prices",{"id":62,"name":63,"slug":64},11,"First-Time Buyers","first-time-buyers",{"id":66,"name":67,"slug":68},34,"Senior Market","senior-market",{"id":70,"name":71,"slug":72},35,"Mortgage Rates","mortgage-rates",{"id":74,"name":75,"slug":76},38,"Move-Up","move-up",{"id":78,"name":79,"slug":80},41,"For Sale by Owner","for-sale-by-owner",{"id":82,"name":83,"slug":84},42,"Featured","featured",{"id":86,"name":87,"slug":88},45,"New Construction","new-construction",{"id":90,"name":91,"slug":92},52,"Luxury \u002F Vacation","luxury--vacation",{"id":94,"name":95,"slug":96},53,"Rent vs. Buy","rent-vs-buy",{"id":98,"name":99,"slug":100},80,"Time-sensitive","time-sensitive",{"id":102,"name":103,"slug":104},81,"Outdated","outdated",{"id":106,"name":107,"slug":108},147,"Internal","internal",{"id":110,"name":111,"slug":112},148,"Do Not Autopost","do-not-autopost",{"id":114,"name":115,"slug":116},320,"Inventory","inventory",{"id":118,"name":119,"slug":120},321,"Agent Value","agent-value",{"id":122,"name":123,"slug":124},322,"Affordability","affordability",{"id":126,"name":127,"slug":128},323,"Buying Tips","buying-tips",{"id":130,"name":131,"slug":132},324,"Downsize","downsize",{"id":134,"name":135,"slug":136},325,"Economy","economy",{"id":138,"name":139,"slug":140},326,"Equity","equity",{"id":142,"name":143,"slug":144},327,"Forecasts","forecasts",{"id":146,"name":147,"slug":148},328,"Selling Tips","selling-tips",{"id":150,"name":151,"slug":152},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":154,"name":155,"slug":156},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]