We all have read the reports confirming the upcoming housing market. But did you know the inventory on existing homes for sale across the country is 22% lower than just a year ago at 2.1 million according to the National Association of Realtors. According to N.A.R., this is largely due to a drop in foreclosure & distressed homes. This dynamic has changes homebuilder sentiment to 46:100. A year ago that index was 19.
Regionally, we are seeing a considerable increase in activity as buyers realize inventory is dropping, demand increasing and historically low-interest rates… waiting will only cost more in the future.