[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2ryrrmo7yscn8":3,"$ffeh0925h8cuz":39,"$f2emv3tus0uf1":43,"$fbwk2pqjjqsc7":47},{"item":4,"previous":27,"next":33},{"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":25,"updatedAt":26},1536,"housing-inventory-vanishing-what-is-the-impact-on-you","Housing Inventory Vanishing: What Is the Impact on You?","The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, \u003Cem>move.com\u003C\u002Fem> released a \u003Ca href=\"https:\u002F\u002Fnews.move.com\u002F2020-01-07-2020-Begins-With-Lowest-Housing-Inventory-in-Two-Years\">report\u003C\u002Fa> showing that 2020 is beginning with the lowest available housing inventory in two years. The report explains:","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F14114914\u002F20200116-KCM-Share.jpg","The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, \u003Cem>move.com\u003C\u002Fem> released a \u003Ca href=\"https:\u002F\u002Fnews.move.com\u002F2020-01-07-2020-Begins-With-Lowest-Housing-Inventory-in-Two-Years\">report\u003C\u002Fa> showing that 2020 is beginning with the lowest available housing inventory in two years. The report explains:\u003C!--more-->\r\n\u003Cblockquote>\u003Cem>“Last month saw the largest year-over-year decline of housing inventory in almost three years with a dramatic 12 percent decline, pushing the number of homes for sale in the U.S. to the lowest level since January 2018.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThe report also revealed that the decline in inventory stretches across all price points, as shown in the following graph:\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F20200116-MEM.jpg\">\u003Cimg class=\"aligncenter wp-image-41562\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F20200116-MEM.jpg\" alt=\"Housing Inventory Vanishing: What Is the Impact on You? | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>George Ratiu, \u003Cem>Senior Economist\u003C\u002Fem> at \u003Cem>realtor.com\u003C\u002Fem>, explains how this drop in available homes for sale comes at a time when more buyers are expected to enter the market:\r\n\u003Cblockquote>\u003Cem>“The market is struggling with a large housing undersupply just as 4.8 million millennials are reaching 30-years of age in 2020, a prime age for many to purchase their first home. The significant inventory drop…is a harbinger of the continuing imbalance expected to plague this year's markets, as the number of homes for sale are poised to reach historically low levels.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThe question is: \u003Cem>What does this mean to you?\u003C\u002Fem>\r\n\u003Ch4>\u003Cstrong>If You’re a Buyer…\u003C\u002Fstrong>\u003C\u002Fh4>\r\nBe patient during your home search. It may take time to find a home you love. Once you do, however, be ready to move forward quickly. Get \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2019\u002F06\u002F24\u002Fstop-wondering-what-your-budget-is-get-pre-approved\u002F\">pre-approved\u003C\u002Fa> for a mortgage, be ready to make a \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2019\u002F05\u002F15\u002F4-tips-for-making-a-competitive-offer\u002F\">competitive offer\u003C\u002Fa> from the start, and understand that a shortage in inventory could lead to the resurgence of bidding wars. Calculate just how far you’re willing to go to secure a home, if you truly love it.\r\n\u003Ch4>\u003Cstrong>If You’re a Seller…\u003C\u002Fstrong>\u003C\u002Fh4>\r\nRealize that, in some ways, you’re in the driver’s seat. When there is a shortage of an item at the same time there is a strong demand for that item, the seller of that item is in a good position to negotiate. Whether it is price, moving date, possible repairs, or anything else, you’ll be able to demand more from a potential purchaser at a time like this – especially if you have multiple interested buyers. Don’t be unreasonable, but understand you probably have the upper hand.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nThe housing market will remain strong throughout 2020. Understand what that means to you, whether you’re buying, selling, or doing both.","\r\nThe housing market will remain strong throughout 2020. Understand what that means to you, whether you’re buying, selling, or doing both.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F20200116-MEM.jpg",false,[17,21],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers","2020-01-16T10:00:31Z","2020-01-16T11:00:31Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":15},1535,"homes-are-more-affordable-today-not-less-affordable","Homes Are More Affordable Today, Not Less Affordable","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F10140145\u002F20200115-KCM-Share.jpg","2020-01-15T10:00:31Z",{"id":34,"slug":35,"title":36,"featuredImage":37,"publishedAt":38,"contentType":10,"isVideo":15},1537,"where-homebuyers-are-heading-by-generation-infographic","Where Homebuyers Are Heading By Generation [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F16152100\u002F20200117-KCM-Share.jpg","2020-01-17T11:00:59Z",{"cover":40,"open":41,"shareSpread":42},"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":44,"open":45,"shareSpread":46},"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",[48,52,53,54,58,62,66,70,74,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154,158],{"id":49,"name":50,"slug":51},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":55,"name":56,"slug":57},7,"Foreclosures","foreclosures",{"id":59,"name":60,"slug":61},8,"Infographics","infographics",{"id":63,"name":64,"slug":65},9,"Home Prices","home-prices",{"id":67,"name":68,"slug":69},11,"First-Time Buyers","first-time-buyers",{"id":71,"name":72,"slug":73},34,"Senior Market","senior-market",{"id":75,"name":76,"slug":77},35,"Mortgage Rates","mortgage-rates",{"id":79,"name":80,"slug":81},38,"Move-Up","move-up",{"id":83,"name":84,"slug":85},41,"For Sale by Owner","for-sale-by-owner",{"id":87,"name":88,"slug":89},42,"Featured","featured",{"id":91,"name":92,"slug":93},45,"New Construction","new-construction",{"id":95,"name":96,"slug":97},52,"Luxury \u002F Vacation","luxury--vacation",{"id":99,"name":100,"slug":101},53,"Rent vs. Buy","rent-vs-buy",{"id":103,"name":104,"slug":105},80,"Time-sensitive","time-sensitive",{"id":107,"name":108,"slug":109},81,"Outdated","outdated",{"id":111,"name":112,"slug":113},147,"Internal","internal",{"id":115,"name":116,"slug":117},148,"Do Not Autopost","do-not-autopost",{"id":119,"name":120,"slug":121},320,"Inventory","inventory",{"id":123,"name":124,"slug":125},321,"Agent Value","agent-value",{"id":127,"name":128,"slug":129},322,"Affordability","affordability",{"id":131,"name":132,"slug":133},323,"Buying Tips","buying-tips",{"id":135,"name":136,"slug":137},324,"Downsize","downsize",{"id":139,"name":140,"slug":141},325,"Economy","economy",{"id":143,"name":144,"slug":145},326,"Equity","equity",{"id":147,"name":148,"slug":149},327,"Forecasts","forecasts",{"id":151,"name":152,"slug":153},328,"Selling Tips","selling-tips",{"id":155,"name":156,"slug":157},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":159,"name":160,"slug":161},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]