Categorized | Residential

United States Housing Market Struggles with Lack of Inventory

Please Share!

The United States housing market can’t seem to win regardless of the situation. Recent reports indicate that the number of homes for sale in the United States is down by more than twenty percent from last year.

Normally, a depressed inventory is viewed as a sign of strength in residential real estate. It often indicates that there is strong demand, and as such, prices tend to increase. However, a brief analysis of the United States housing market indicates that prices continue to remain flat, or depressed in most regions.

It hasn’t been a strong demand that has led housing inventory to decrease over the past few months. Rather, the majority of homeowners are opting not to sell their homes at the current prices. As such, the limited number of attractive homes on the market is doing very little to entice buyers.

With unbelievably low prices, and near record-low mortgage rates, one would think that the housing market would be back on the rise in the United States. However, with limited inventory, most potential buyers are simply having a difficult time finding a home that adequately suits their wants and needs.

The United States residential real estate market has become somewhat deceiving, as from an analysis perspective, it appears that there has never been a better time to buy a home. However, the reality of the situation reflects a completely different perspective than one might get from crunching numbers of paper. Many potential homebuyers are unable to find a house that fits their needs, and with a limited selection, the housing search process can be very tedious and frustrating.

Please Share!

About Ella Jourgeson

Ella was recently an intern who checked all the articles for grammatical and spelling errors. She is now an all purpose writer filling in wherever we need help.

Leave a Reply

Twitter Chat