Drop in Home Inventory Slows High Demand
By reinvestor on May 3, 2017
The spring residential market is showing what happens when inventory is low and buyer demand is high. Bidding wars become common, buyers shift down from dream homes to what they can afford, and buyers at least temporarily walk away from the market.
The developing and on-going story is that resale inventory remains low, new construction isn’t making a dent, and buyers are becoming weary of competing with each other. This caused a change in early spring trend numbers.
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