[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3gc381jikhvss":3,"$ffeh0925h8cuz":43,"$f2emv3tus0uf1":47,"$fbwk2pqjjqsc7":51},{"item":4,"previous":31,"next":37},{"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":29,"updatedAt":30},1756,"homes-for-sale-are-rapidly-disappearing","Homes for Sale Are Rapidly Disappearing","Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates. \u003Cem>Realtor Magazine\u003C\u002Fem> just \u003Ca href=\"https:\u002F\u002Fmagazine.realtor\u002Fdaily-news\u002F2020\u002F11\u002F03\u002Fhot-housing-market-likely-won-t-cool-in-winter\">explained\u003C\u002Fa>:","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F13103945\u002F20201117-KCM-Share.jpg","Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates. \u003Cem>Realtor Magazine\u003C\u002Fem> just \u003Ca href=\"https:\u002F\u002Fmagazine.realtor\u002Fdaily-news\u002F2020\u002F11\u002F03\u002Fhot-housing-market-likely-won-t-cool-in-winter\">explained\u003C\u002Fa>:\u003C!--more-->\r\n\u003Cblockquote>\u003Cem>“While winter may be typically a slow season in real estate, economists predict it isn’t likely to happen this year…Low inventories combined with high demand due to record-low mortgage rates is \u003Cstrong>sending buyers to the market in a flurry\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nHowever, one challenge for the housing industry heading into this winter is the dwindling number of homes available for sale. Lawrence Yun, \u003Cem>Chief Economist\u003C\u002Fem> for the \u003Cem>National Association of Realtors \u003C\u002Fem>(NAR), recently \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fresearch-and-statistics\u002Fhousing-statistics\u002Fexisting-home-sales\">said\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>\"There is no shortage of hopeful, potential buyers, but \u003Cstrong>inventory is historically low\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nIn addition, Danielle Hale, \u003Cem>Chief Economist\u003C\u002Fem> for \u003Cem>realtor.com,\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.realtor.com\u002Fresearch\u002Fweekly-housing-trends-view-data-week-nov-7-2020\u002F\">notes\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“Fewer new sellers coming to market while a greater than usual number of buyers continue to search for a home causes \u003Cstrong>inventory to continue to evaporate\u003C\u002Fstrong>.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nOne major indicator the industry uses to measure housing supply is the \u003Cem>months’ supply of inventory\u003C\u002Fem>. According to \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fblogs\u002Feconomists-outlook\u002Finventory-and-months-supply\">NAR\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.” \u003C\u002Fem>\u003C\u002Fblockquote>\r\nHistorically, six months of supply is considered a normal real estate market. Going into the pandemic, inventory was already well below this mark. As the year progressed, the supply has was reduced even further. Here is a graph showing this measurement over the last year:\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F20201117-MEM-Eng-1.jpg\">\u003Cimg class=\"aligncenter wp-image-43367\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F20201117-MEM-Eng-1.jpg\" alt=\"Homes for Sale Are Rapidly Disappearing | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch4>\u003Cstrong>What does this mean 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, be ready to move forward quickly. Get \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F08\u002F27\u002Fwhy-is-it-so-important-to-be-pre-approved-in-the-homebuying-process\u002F\">pre-approved\u003C\u002Fa> for a mortgage, be prepared to make a competitive offer from the start, and understand how the shortage in inventory has led to more \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F10\u002F16\u002Fhow-to-prepare-for-a-bidding-war-infographic\u002F\">bidding wars\u003C\u002Fa>. Calculate just how far you’re willing to go to secure a home if you truly love it.\r\n\u003Ch4>\u003Cstrong>What does this mean if you’re a seller?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nRealize that, in some ways, you’re in the \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F10\u002F14\u002Fthe-1-reason-not-to-wait-to-list-your-house-for-sale\u002F\">driver’s seat\u003C\u002Fa>. When there’s a shortage of an item at the same time there’s a strong demand for it, the seller is in a good position to negotiate. Whether it’s the price, moving date, possible repairs, or anything else, you’ll be able to ask for more from a potential purchaser at a time like this – especially if you have multiple interested buyers. Do not 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 \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2020\u002F11\u002F12\u002Fwinter-will-bring-a-flurry-of-activity-to-the-housing-market\u002F\">strong\u003C\u002Fa> throughout the winter and heading into the spring. Know what that means for you, whether you’re buying, selling, or doing both.","\r\nThe housing market will remain \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F11\u002F12\u002Fwinter-will-bring-a-flurry-of-activity-to-the-housing-market\u002F\">strong\u003C\u002Fa> throughout the winter and heading into the spring. Know what that means for you, whether you’re buying, selling, or doing both.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F20201117-MEM-Eng-1.jpg",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},35,"Mortgage Rates","mortgage-rates","2020-11-17T10:00:22Z","2020-11-17T11:00:22Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},1755,"why-working-from-home-may-spark-your-next-move","Why Working from Home May Spark Your Next Move","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F12171822\u002F20201116-KCM-Share.jpg","2020-11-16T10:00:28Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},1757,"chances-of-another-foreclosure-crisis-about-zero-percent","Chances of Another Foreclosure Crisis? “About Zero Percent.”","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F11\u002F16164840\u002F20201118-KCM-Share.jpg","2020-11-18T10:00:47Z",{"cover":44,"open":45,"shareSpread":46},"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":48,"open":49,"shareSpread":50},"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",[52,56,57,58,62,66,70,74,78,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155,159],{"id":53,"name":54,"slug":55},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":59,"name":60,"slug":61},7,"Foreclosures","foreclosures",{"id":63,"name":64,"slug":65},8,"Infographics","infographics",{"id":67,"name":68,"slug":69},9,"Home Prices","home-prices",{"id":71,"name":72,"slug":73},11,"First-Time Buyers","first-time-buyers",{"id":75,"name":76,"slug":77},34,"Senior Market","senior-market",{"id":26,"name":27,"slug":28},{"id":80,"name":81,"slug":82},38,"Move-Up","move-up",{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":100,"name":101,"slug":102},53,"Rent vs. Buy","rent-vs-buy",{"id":104,"name":105,"slug":106},80,"Time-sensitive","time-sensitive",{"id":108,"name":109,"slug":110},81,"Outdated","outdated",{"id":112,"name":113,"slug":114},147,"Internal","internal",{"id":116,"name":117,"slug":118},148,"Do Not Autopost","do-not-autopost",{"id":120,"name":121,"slug":122},320,"Inventory","inventory",{"id":124,"name":125,"slug":126},321,"Agent Value","agent-value",{"id":128,"name":129,"slug":130},322,"Affordability","affordability",{"id":132,"name":133,"slug":134},323,"Buying Tips","buying-tips",{"id":136,"name":137,"slug":138},324,"Downsize","downsize",{"id":140,"name":141,"slug":142},325,"Economy","economy",{"id":144,"name":145,"slug":146},326,"Equity","equity",{"id":148,"name":149,"slug":150},327,"Forecasts","forecasts",{"id":152,"name":153,"slug":154},328,"Selling Tips","selling-tips",{"id":156,"name":157,"slug":158},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":160,"name":161,"slug":162},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]