[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fb6650awu5u63":3,"$ffeh0925h8cuz":38,"$f2emv3tus0uf1":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":26,"next":32},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":24,"updatedAt":25},752,"lack-of-homes-for-sale-slowing-down-the-housing-market","Lack of Homes for Sale Slowing Down the Housing Market","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. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F02\u002F02110122\u002F20170206-Share-STM.jpg","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. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.\u003C!--more-->\r\n\r\nHowever, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While \u003Ca href=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002F2017\u002F02\u002F01\u002Fbuyer-demand-is-outpacing-the-supply-of-homes-for-sale\u002F\">buyer demand\u003C\u002Fa> looks like it will remain strong throughout the winter, supply is not keeping up.\r\n\u003Ch4>\u003Cstrong>Here are the thoughts of a few industry experts on the subject:\u003C\u002Fstrong>\u003C\u002Fh4>\r\n\u003Ch4>\u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnews-releases\u002F2017\u002F01\u002Fexisting-home-sales-slide-in-december-2016-sales-best-since-2006\">\u003Cstrong>\u003Cem>National Association of Realtors\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fh4>\r\n\u003Cblockquote>\u003Cem>“Total housing inventory at the end of December dropped 10.8%...which is the lowest level since NAR began tracking the supply of all housing types in 1999. Inventory has fallen year-over-year for 19 straight months and is at a 3.6-month supply at the current sales pace.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Ca href=\"http:\u002F\u002F247wallst.com\u002Fhousing\u002F2017\u002F01\u002F23\u002F10-us-cities-with-the-biggest-housing-shortages\u002F\">\u003Cstrong>\u003Cem>Jonathan Smoke, Chief Economist for Realtor.com\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fh4>\r\n\u003Cblockquote>\u003Cem>“More than two-thirds of the markets are seeing less inventory now compared to a year ago.” \u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Ca href=\"http:\u002F\u002Fwww.housingwire.com\u002Farticles\u002F39065-pending-home-sales-close-out-2016-on-a-high-note\">\u003Cstrong>\u003Cem>Lawrence Yun, Chief Economist at NAR:\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fh4>\r\n\u003Cblockquote>\u003Cem>“The dismal number of listings in the affordable price range is squeezing prospective first-time buyers the most. As a result, young households are missing out on the wealth gains most homeowners have accrued from the 41% cumulative rise in existing home prices since 2011.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Ca href=\"http:\u002F\u002Fwww.thefiscaltimes.com\u002F2016\u002F11\u002F22\u002F10-Real-Estate-Trends-Watch-2017\">\u003Cstrong>\u003Cem>Sam Khater, Deputy Chief Economist at CoreLogic\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fh4>\r\n\u003Cblockquote>\u003Cem>“The lack of affordable supply is really driving up home prices.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Ca href=\"http:\u002F\u002Fwww.realtytrac.com\u002Fdashboard\u002FNewsReportPdf\u002F119\u002FHNRR\u002F12482991?sf51626136=1\">\u003Cstrong>\u003Cem>Peter Muoio, Chief Economist at Auction.com\u003C\u002Fem>\u003C\u002Fstrong>\u003C\u002Fa>\u003C\u002Fh4>\r\n\u003Cblockquote>\u003Cem>“Tight housing inventory remains a constraining factor limiting stronger sales growth…\u003C\u002Fem>\r\n\r\n\u003Cem>We expect further price growth to entice more homeowners to list their homes, particularly as existing homeowners have greater equity.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003Cstrong> \u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf 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.","\u003C\u002Fstrong>\u003Cstrong> \r\nIf 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.",false,[16,20],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},6,"For Sellers","sellers","2017-02-06T10:00:45Z","2017-02-02T14:18:18Z",{"id":27,"slug":28,"title":29,"featuredImage":30,"publishedAt":31,"contentType":10,"isVideo":14},751,"daydreaming-about-your-perfect-home-know-what-you-want-vs-what-you-need","Daydreaming About Your Perfect Home? Know What You WANT vs. What You NEED","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F02\u002F02132127\u002FSTM-Share1.jpg","2017-02-05T10:00:38Z",{"id":33,"slug":34,"title":35,"featuredImage":36,"publishedAt":37,"contentType":10,"isVideo":14},753,"homeownership-offers-stability-wealth-creation","Homeownership Offers Stability & Wealth Creation","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F02\u002F02151022\u002F20170207-Share-STM.jpg","2017-02-07T10:00:22Z",{"cover":39,"open":40,"shareSpread":41},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":43,"open":44,"shareSpread":45},"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",[47,51,52,53,57,61,65,69,73,77,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153,157],{"id":48,"name":49,"slug":50},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":21,"name":22,"slug":23},{"id":54,"name":55,"slug":56},7,"Foreclosures","foreclosures",{"id":58,"name":59,"slug":60},8,"Infographics","infographics",{"id":62,"name":63,"slug":64},9,"Home Prices","home-prices",{"id":66,"name":67,"slug":68},11,"First-Time Buyers","first-time-buyers",{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":78,"name":79,"slug":80},38,"Move-Up","move-up",{"id":82,"name":83,"slug":84},41,"For Sale by Owner","for-sale-by-owner",{"id":86,"name":87,"slug":88},42,"Featured","featured",{"id":90,"name":91,"slug":92},45,"New Construction","new-construction",{"id":94,"name":95,"slug":96},52,"Luxury \u002F Vacation","luxury--vacation",{"id":98,"name":99,"slug":100},53,"Rent vs. Buy","rent-vs-buy",{"id":102,"name":103,"slug":104},80,"Time-sensitive","time-sensitive",{"id":106,"name":107,"slug":108},81,"Outdated","outdated",{"id":110,"name":111,"slug":112},147,"Internal","internal",{"id":114,"name":115,"slug":116},148,"Do Not Autopost","do-not-autopost",{"id":118,"name":119,"slug":120},320,"Inventory","inventory",{"id":122,"name":123,"slug":124},321,"Agent Value","agent-value",{"id":126,"name":127,"slug":128},322,"Affordability","affordability",{"id":130,"name":131,"slug":132},323,"Buying Tips","buying-tips",{"id":134,"name":135,"slug":136},324,"Downsize","downsize",{"id":138,"name":139,"slug":140},325,"Economy","economy",{"id":142,"name":143,"slug":144},326,"Equity","equity",{"id":146,"name":147,"slug":148},327,"Forecasts","forecasts",{"id":150,"name":151,"slug":152},328,"Selling Tips","selling-tips",{"id":154,"name":155,"slug":156},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":158,"name":159,"slug":160},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]