Aha! This is why there are not not enough homes for sale!


Aha! This is why there are not not enough homes for sale!
By Scott Rogers • December 15, 2017
FYI -- yes, I now see I have a double "not" in the title of this article. No, I did not intend for that to be there, but I'll leave it there for now to see who is paying attention. ;-) Thanks, Nate, for pointing me to this insightful article at MarketWatch... There's not enough homes for sale. Here's why to blame. Here is a summary of the reasons why we're lacking inventory: Boomers won't move Landlords won't sell Owners are hooked on low mortgage rates Builders ignore entry-level buyers Regulations add costs Owners want to restrict supply And, the author's ideas for how buyers can respond to the situation: Be realistic about how long it will take to find and buy a home. Real-estate agents can provide an estimate, based on market conditions. Save plenty of money for a down payment and reserves. Improve your credit score to get a good mortgage deal. Be ready to make a competitive offer when a suitable home comes on the market. It's a great article -- read it all here -- and I think much or most of what they are talking about from a national perspective applies very directly to the Harrisonburg and Rockingham County housing market. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 22, 2024 (unless otherwise noted).
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