U.S. Housing Inventory Crunch Continues… List Your House Today!

    Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes.  Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!  At the same time, however, inventory levels of homes for sale have dropped dramatically as compared to this time last year.  Trulia reported that “in Q4 2017, U.S. home inventory decreased by 10.5%. That is the biggest drop we’ve seen since Q2 2013.”  Here is a chart showing the decrease in inventory levels by category:  U.S. Housing Inventory Crunch Continues… List Your House Today! | MyKCM  The largest drop in inventory was in the starter home category which saw a 19% dip in listings.  Bottom Line Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2018, now may be the perfect time.

    Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes.

    Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!

    At the same time, however, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

    Trulia reported that “in Q4 2017, U.S. home inventory decreased by 10.5%. That is the biggest drop we’ve seen since Q2 2013.”

    Here is a chart showing the decrease in inventory levels by category:

    U.S. Housing Inventory Crunch Continues… List Your House Today! | MyKCM

    The largest drop in inventory was in the starter home category which saw a 19% dip in listings.

    Bottom Line

    Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2018, now may be the perfect time.

    Keeping Current Matters with Rinehart Realty

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    Jordan Forney

    Jordan is a recent graduate of Lenoir-Rhyne University where he received his BA in Multimedia Communications while also playing football all four years that he was enrolled. Jordan has experience in writing and photography from his time working for the school newspaper, Lenoir-Rhyne News (LRN). He also has marketing experience with WLRZ 99.3 where Jordan produced and aired PSAs and was in charge of marketing with the social media accounts. He was a part of the marketing team for the Lenoir Oiler's baseball team as well where he had a lot of the same responsibilities. Now Jordan works at Rinehart Realty where he is increasing his experience by posting blogs, maintaining social media accounts, and working directly under the Director of Marketing.

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