[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2t0c5dbpr01og":3,"$f2emv3tus0uf1":46,"$fbwk2pqjjqsc7":50},{"item":4,"previous":34,"next":40},{"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":33,"updatedAt":33},1712,"how-low-inventory-may-impact-the-housing-market-this-fall","How Low Inventory May Impact the Housing Market This Fall","Real estate continues to be called the ‘\u003Cem>bright spot\u003C\u002Fem>’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year:\u003Cstrong> the lack of homes for sale\u003C\u002Fstrong>.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F09\u002F16144250\u002F20200917-KCM-Share.jpg","Real estate continues to be called the ‘\u003Cem>bright spot\u003C\u002Fem>’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year:\u003Cstrong> the lack of homes for sale\u003C\u002Fstrong>.\u003C!--more-->\r\n\r\nBuyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low interest rates, but there just aren’t enough houses for sale to meet that growing need. Sam Khater, \u003Cem>Chief Economist\u003C\u002Fem> at \u003Cem>Freddie Mac,\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Ffreddiemac.gcs-web.com\u002Fnode\u002F20771\u002Fpdf\">explains\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“\u003Cstrong>Mortgage rates have hit another record low\u003C\u002Fstrong> due to a late summer slowdown in the economic recovery…These low rates have ignited robust purchase demand activity…However, heading into the fall it will be difficult to sustain the growth momentum in purchases because the \u003Cstrong>lack of supply is already exhibiting a constraint on sales activity\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nAccording to the \u003Cem>National Association of Realtors \u003C\u002Fem>(NAR), right now, unsold inventory sits at a 3.1-month \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-continue-record-pace-soar-24-7-in-july\">supply\u003C\u002Fa> at the current sales pace. To have a balanced market where there are enough homes for sale to meet buyer demand, the market needs inventory for 6 months. Today, we’re nowhere near where that number needs to be. If the trend continues, it will get even harder to find homes to purchase this fall, and that may slow down potential buyers. Danielle Hale, \u003Cem>Chief Economist\u003C\u002Fem> at \u003Cem>realtor.com\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fwww.realtor.com\u002Fresearch\u002Fweekly-housing-trends-view-data-week-sep-5-2020\u002F\">notes\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“The overall lack of sustained new listings growth could put a dent in fall home sales despite high interest from home shoppers, because \u003Cstrong>new listings are key to home sales\u003C\u002Fstrong>.” \u003C\u002Fem>\u003C\u002Fblockquote>\r\nThe \u003Cem>realtor.com\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fnews.move.com\u002F2020-09-10-Realtor-com-R-Weekly-Recovery-Report-Summer-Buying-Season-Resists-The-Usual-Fall-Slowdown\">Weekly Recovery Report\u003C\u002Fa> keeps an eye on the number of listings coming into the market \u003Cem>(houses available for sale) \u003C\u002Fem>and the total number of listings staying in the market compared to the previous year \u003Cem>(See graph below):\u003C\u002Fem>\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F09\u002F20200917-MEM-Eng-1.jpg\">\u003Cimg class=\"aligncenter wp-image-43032\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F09\u002F20200917-MEM-Eng-1.jpg\" alt=\"How Low Inventory May Impact the Housing Market This Fall | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>Buyers are clearly scooping up homes faster than they’re being put up for sale. The number of total listings (the orange line) continues to decline even as new listings (the blue line) are coming to the market. Why? Javier Vivas, \u003Cem>Director of Economic Research\u003C\u002Fem> at \u003Cem>realtor.com\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fwww.realtor.com\u002Fresearch\u002Fhousing-market-recovery-index-trends-august-29-data\u002F\">notes\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“The post-pandemic period has brought a \u003Cstrong>record number of homebuyers back into the market, but it’s also failed to bring a consistent number of sellers back\u003C\u002Fstrong>. Homes are selling faster, and sales are still on an upward trend, but rapidly disappearing inventory also means more home shoppers are being priced out. If we don’t see material improvement to supply in the next few weeks, \u003Cstrong>we could see the number of transactions begin to dwindle again even as the lineup of buyers continues to grow\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch4>\u003Cstrong>Does this mean it’s a good time to sell? \u003C\u002Fstrong>\u003C\u002Fh4>\r\nYes. If you’re thinking about selling your house, this fall is a great time to make it happen. There are plenty of \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F09\u002F10\u002Fhomebuyer-traffic-is-on-the-rise\u002F\">buyers\u003C\u002Fa> looking for homes to purchase because they want to take advantage of low interest rates. Realtors are also reporting an average of \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fblogs\u002Feconomists-outlook\u002Fv-shaped-housing-market-recovery-in-july-2020\">3 offers\u003C\u002Fa> per house and an increase in bidding wars, meaning the demand is there and the opportunity to sell for the most favorable terms is in your favor as a seller.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you’re considering selling your house, this is the perfect time to connect so we can talk about how you can benefit from the market trends in our local area.","\r\nIf you’re considering selling your house, this is the perfect time to connect so we can talk about how you can benefit from the market trends in our local area.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F09\u002F20200917-MEM-Eng-1.jpg",false,[17,21,25,29],{"id":18,"name":19,"slug":20},6,"For Sellers","sellers",{"id":22,"name":23,"slug":24},9,"Home Prices","home-prices",{"id":26,"name":27,"slug":28},35,"Mortgage Rates","mortgage-rates",{"id":30,"name":31,"slug":32},38,"Move-Up","move-up","2020-09-17T10:00:08Z",{"id":35,"slug":36,"title":37,"featuredImage":38,"publishedAt":39,"contentType":10,"isVideo":15},1711,"the-surging-real-estate-market-continues-to-climb","The Surging Real Estate Market Continues to Climb","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F09\u002F15121314\u002F20200916-KCM-Share.jpg","2020-09-16T10:00:28Z",{"id":41,"slug":42,"title":43,"featuredImage":44,"publishedAt":45,"contentType":10,"isVideo":15},1713,"homes-across-the-country-are-selling-fast-infographic-2","Homes Across the Country Are Selling Fast [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F09\u002F17165749\u002F20200918-KCM-Share.jpg","2020-09-18T10:00:04Z",{"cover":47,"open":48,"shareSpread":49},"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",[51,55,59,60,64,68,69,73,77,78,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155],{"id":52,"name":53,"slug":54},1,"Uncategorized","uncategorized",{"id":56,"name":57,"slug":58},5,"For Buyers","buyers",{"id":18,"name":19,"slug":20},{"id":61,"name":62,"slug":63},7,"Foreclosures","foreclosures",{"id":65,"name":66,"slug":67},8,"Infographics","infographics",{"id":22,"name":23,"slug":24},{"id":70,"name":71,"slug":72},11,"First-Time Buyers","first-time-buyers",{"id":74,"name":75,"slug":76},34,"Senior Market","senior-market",{"id":26,"name":27,"slug":28},{"id":30,"name":31,"slug":32},{"id":80,"name":81,"slug":82},41,"For Sale by Owner","for-sale-by-owner",{"id":84,"name":85,"slug":86},42,"Featured","featured",{"id":88,"name":89,"slug":90},45,"New Construction","new-construction",{"id":92,"name":93,"slug":94},52,"Luxury \u002F Vacation","luxury--vacation",{"id":96,"name":97,"slug":98},53,"Rent vs. Buy","rent-vs-buy",{"id":100,"name":101,"slug":102},80,"Time-sensitive","time-sensitive",{"id":104,"name":105,"slug":106},81,"Outdated","outdated",{"id":108,"name":109,"slug":110},147,"Internal","internal",{"id":112,"name":113,"slug":114},148,"Do Not Autopost","do-not-autopost",{"id":116,"name":117,"slug":118},320,"Inventory","inventory",{"id":120,"name":121,"slug":122},321,"Agent Value","agent-value",{"id":124,"name":125,"slug":126},322,"Affordability","affordability",{"id":128,"name":129,"slug":130},323,"Buying Tips","buying-tips",{"id":132,"name":133,"slug":134},324,"Downsize","downsize",{"id":136,"name":137,"slug":138},325,"Economy","economy",{"id":140,"name":141,"slug":142},326,"Equity","equity",{"id":144,"name":145,"slug":146},327,"Forecasts","forecasts",{"id":148,"name":149,"slug":150},328,"Selling Tips","selling-tips",{"id":152,"name":153,"slug":154},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":156,"name":157,"slug":158},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]