In Best to Practice Tips, Buying a home, Featured, Home Loans, Listing, Practical Financial Tips, Pre-Approve, Quick Tips, Real Estate Agent Resources, Selling a home

Christian Penner,#ChristianPenner, Christian Penner Home Loan Company,#ChristianPennerHomeLoanCompany, Current Mortgage Rates,#CurrentMortgageRates, FHA loan,#FHAloan, FHA loans,#FHAloans, FHA Mortgage Financing Specialist,#FHAMortgageFinancingSpecialist, FHA Mortgage Lenders,#FHAMortgageLenders, FHA VA Financing Specialist,#FHAVAFinancingSpecialist, Harp Refinance,#HarpRefinance, Home Finance Mortgage,#HomeFinanceMortgage, Home Loan,#HomeLoan, Home Loan Company,#HomeLoanCompany, Home Mortgage,#HomeMortgage, Home Mortgage New,#HomeMortgageNew, Lenders Mortgage,#LendersMortgage, Mortgage,#Mortgage, Mortgage Banker,#MortgageBanker, Mortgage Banker West Palm Beach,#MortgageBankerWestPalmBeach, Mortgage Broker,#MortgageBroker, Mortgage Broker Florida,#MortgageBrokerFlorida, Mortgage Broker West Palm Beach,#MortgageBrokerWestPalmBeach, Mortgage Broker West Palm Beach,#MortgageBrokerWestPalmBeach, Mortgage Brokers,#MortgageBrokers, Mortgage Brokers West Palm Beach,#MortgageBrokersWestPalmBeach, Mortgage Companies,#MortgageCompanies, Mortgage Company,#MortgageCompany, Mortgage Lender West Palm Beach,#MortgageLenderWestPalmBeach, Mortgage Lender West Palm Beach,#MortgageLenderWestPalmBeach, Mortgage Lenders,#MortgageLenders, Mortgage Loan Lender,#MortgageLoanLender, Mortgage Loan Lenders,#MortgageLoanLenders, Mortgage Loans,#MortgageLoans, Mortgage Rate,#MortgageRate, Mortgage West,#MortgageWest, Palm Beach Mortgage Broker,#PalmBeachMortgageBroker, Palm Beach Mortgage Broker,#PalmBeachMortgageBroker, Palm Beach Mortgage Company,#PalmBeachMortgageCompany, Real Estate,#RealEstate, Real Estate,#RealEstate, Real Estate Home,#RealEstateHome, Real Estate Home,#RealEstateHome, Real Estate West Palm Beach,#RealEstateWestPalmBeach, Realtor,#Realtor, Realtor West Palm Beach,#RealtorWestPalmBeach, Refinance,#Refinance, Refinance A Mortgage,#RefinanceAMortgage, Refinance Home Loans,#RefinanceHomeLoans, Refinance Mortgage Lenders,#RefinanceMortgageLenders, VA Financing Specialist,#VAFinancingSpecialist, VA Home Loan Expert,#VAHomeLoanExpert, VA Home Loans,#VAHomeLoans,

A Tale of Two Markets: A 6-Month Update

Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets.

In the starter and trade-up home categories, there were significantly more buyers than there were homes for sale, causing a seller’s market. In the premium, or luxury, home categories, the opposite was true as there was a surplus of these homes compared to the buyers that were out searching for their dream homes, which created a buyer’s market.

According to the National Association of Realtors latest Existing Home Sales Report, the inventory of existing homes for sale in today’s market is at a 4.2-month supply. Inventory is now 6.5% lower than this time last year, marking the 27th consecutive month of year-over-year decreases.

Looking at the latest report from Trulia, we can see that not much has changed, and in fact, recent natural disasters across the country have made inventory conditions even more dire.

Trulia’s market mismatch score measures the search interest of buyers against the category of homes that are available on the market. For example: “if 60% of buyers are searching for starter homes but only 40% of listings are starter homes, [the] market mismatch score for starter homes would be 20.”

The results of their latest analysis are detailed in the chart below.

A Tale of Two Markets: A 6-Month Update | Simplifying The Market

Nationally, buyers are searching for starter and trade-up homes and are coming up short with the listings available, which is leading to a highly competitive seller’s market in these categories.

Premium homebuyers, on the other hand, have the best chance of less competition and more inventory of listings in their price range with a 14.7-point surplus, which is creating more of a buyer’s market.

Bottom Line

Real estate is local. If you are thinking about buying OR selling this fall, let’s get together to discuss the exact market conditions in your area.

 

Source: Click Me


Questions, Comments or For more information you can call Christian Penner Branch Manager at (561) 316-6800 or email us at TheMortgageTeam@ChristianPenner.com

Approval Hotline: | Call/Text: (561) 316-6800
Buyer Referral Hotline : | Call/Text: (561) 316-6800

Office Text Line: 561-530-2223

[su_button url=”http://www.christianpenner.com/MyBusinessCard” target=”blank” background=”#e6280e” wide=”yes”]Mobile Contact Card[/su_button][su_button url=”http://christianpenner.lendtelligent.com/bsa.aspx” target=”blank” background=”#e6280e” wide=”yes”]BorrowSmart Analysis App[/su_button][su_button url=”http://christianpenner.borrowsmartmobile.com/” target=”blank” background=”#e6280e” wide=”yes”]Mobile App Tool Kit[/su_button] [su_button url=”https://www.facebook.com/ThePennerMortgageTeam/” target=”blank” background=”#4950b5″ wide=”yes”]Facebook[/su_button][su_button url=”http://www.christianpennersloanapp.com/” target=”blank” background=”#4950b5″ wide=”yes”]Apply Now[/su_button]

Helping You Achieve the American Dream of Home Ownership


Or You can click “Call Me” below to call Christian Penner directly using Google Voice


blackwhite#ChristianPenner, Branch Manager #MortgageBrokerWestPalmBeach talks about #RealEstateWestPalmBeach. He also serves other Local Areas and provides home #MortgageSolutionsforPalmBeachGardens, #Jupiter, #BocaRaton, #Wellington and #Tequesta. #ChristianPennerMortgageBrokerJupiter has the #lowestmortgagerates and the best #homemortgage programs like; #Jumboloans, #FHAHomeLoans, #VAHomeLoans, #ReverseMortgageHomeLoans, #FreddieMacHomeLoans, #FannieMaeHomeLoans and #HARPMortgageLoans. #ChristianPennerMortgageBrokerPalmBeachGardens has Served the area for over 15 years with his #HomeLoanLending Needs and Works with #TheChristianPennerMortgageTeam.

#AskMeAboutAMortgage #PalmBeachMortgageLender #WestPalmBeachMortgageLender #PalmBeachGardensMortgageLender

You Can Also Find Him On

fb mortgageFacebook at: https://web.facebook.com/YourMortgageBanker

– – –

Christian Penner
South Flagler Drive, Suite 800, West Tower West Palm Beach, FL 33401

Cell/Text: (561) 316-6800
Office Text Line: 561-530-2223

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

Cell/Text: (561) 316-6800
Office Text Line: 561-530-2223

– – –

ChristianPenner.com

http://www.christianpenner.com/tale-two-markets-6-month-update/

A Tale of Two Markets: A 6-Month Update

The Christian Penner Mortgage Team | Cell/Text: (561) 316-6800

Recommended Posts

Leave a Comment