Comments - Instant Funder Rehab CoalitionTM - Real Estate Finance2024-03-28T21:23:06Zhttps://realestatefinance.ning.com/profiles/comment/feed?attachedTo=6517464%3ABlogPost%3A54627&xn_auth=noInteresting article regarding…tag:realestatefinance.ning.com,2013-03-08:6517464:Comment:560402013-03-08T18:20:15.720ZBarry Jekowskyhttps://realestatefinance.ning.com/profile/BarryJekowsky
<p>Interesting article regarding inventory from DS News (Daily Dose)! If you are finding great deals, especially in the higher end market (all levels actually), there is a great deal of money to be made and INSTANT FUNDER can help finance your great project.</p>
<p><strong>DS NEWS - DAILY DOSE</strong></p>
<p>Inventory shortage continues to darken the skies over the housing market as the spring selling season approaches, <a href="http://www.zillow.com/" target="_blank">Zillow</a>reported…</p>
<p>Interesting article regarding inventory from DS News (Daily Dose)! If you are finding great deals, especially in the higher end market (all levels actually), there is a great deal of money to be made and INSTANT FUNDER can help finance your great project.</p>
<p><strong>DS NEWS - DAILY DOSE</strong></p>
<p>Inventory shortage continues to darken the skies over the housing market as the spring selling season approaches, <a href="http://www.zillow.com/" target="_blank">Zillow</a>reported Thursday.</p>
<div id="articleColumn1"><p><img src="http://www.dsnews.com/site/img/catalog/articles/sold-sign-three.jpg" width="340" height="225" border="0"/></p>
<p>Zillow observed a 16.6 percent year-over-year decline in its overall number of listed homes in late February, indicating an inventory crunch just as buyers start to feel more comfortable dipping their toes into the market.</p>
<p>Nationwide, the greatest year-over-year inventory declines were among more expensive homes, with the availability of top-tier properties falling 20.5 percent on an annual basis. That was followed by middle-tier homes (which saw a 17.2 percent inventory reduction) and bottom tier homes (9.1 percent).</p>
<p>Only five metro areas posted higher inventory in February 2013 than in February 2012: El Paso, Texas (18.5 percent higher); Albuquerque, New Mexico (8.1 percent); Little Rock, Arkansas (7.7 percent); Fort Myers, Florida (1.5 percent); and Youngstown, Ohio (0.2 percent).</p>
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<div id="articleColumn2"><p>Meanwhile, California’s larger metros reported the greatest decreases in for-sale homes over the past year. Among the 30 largest metros covered by Zillow, four of the top five in inventory contraction call California home: Sacramento (down 48 percent); Los Angeles (down 45.7 percent); San Francisco (down 40.9 percent); and San Diego (down 39.4 percent). The outlier is Minneapolis-St. Paul, Minnesota, which saw a 36.7 percent drop in inventory.</p>
<p>“The supply of for-sale listings continues to dry up, driven in part by potential sellers trapped in negative equity and homeowners that won’t sell out of fear they won’t be able to find a suitable home to buy later,” said Dr. Stan Humphries, Zillow’s chief economist.</p>
<p>While inventory declined year-over-year in February, Zillow noted the drop was less severe than in January, which saw a 17.5 percent decline from the previous year. In addition, almost two-thirds of the areas surveyed showed a smaller year-over-year decline in for-sale homes in February than in January, which might indicate an easing in today’s tight inventory.</p>
<p>Humphries expects the inventory issue will fix itself as rising prices coax sellers back into the market. However, this spring season may be a dry one.</p>
<p>“While this inventory is coming, it may still be a frustrating spring for buyers vying for what inventory is available,” Humphries said.</p>
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