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U.S. Housing Inventory Hits a New Low… List Your House TODAY!

U.S. Housing Inventory Hits a New Low… List Your House TODAY!

U.S. Housing Inventory Hits a New Low… List Your House TODAY!

Every summer, families across the country decide if this will be the year they sell their current house and move into their dream home.

Mortgage rates have hovered around 4% for all of 2017, forcing buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Trulia reported that “U.S. home inventory has tumbled 8.9% over the past year and has now fallen for nine consecutive quarters.” There is now 20% less inventory than there was five years ago.

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

U.S. Housing Inventory Hits a New Low… List Your House TODAY! | Simplifying The Market

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 2017, now may be the perfect time.

 

 

 

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Questions, Comments or For more information you can contact Christian Penner at: (561) 316-6800 or Office Text Line: 561-530-2223 - visit us online at www.ChristianPenner.com

The Christian Penner Mortgage Team,

Buyer Referral Hotline : (561) 316-6800


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Christian Penner
712 U.S. Highway 1 North #300, North Palm Beach, FL 33408

Buyer Referral Hotline: (561) 316-6800 | Office Text Line: (561) 530-2223