In Best to Practice Tips, Buying a home, Featured, Listing, Practical Financial Tips, Quick Tips, Real Estate

homeownership, homeownership rate, American Dream, first-time home buyers, #christianpenner, #ChristianPennerMortgageTeam, #DreamHome, #FannieMaeLoans, #FHAloans, #Fix&FlipLoans, #ForSale, #FreddieMacLoans, #HouseHunting, #JumboLoans, #mortgagebroker, #MortgageLenderWestPalmBeach, #MortgageRates, #NewHome, #PrivateLoans, #RealEstate, #ReverseMortgages, #SelfEmployedLoans, #USDALoans, #VALoans, mortgage broker west palm beach, palm beach mortgage, mortgage brokers palm beach county, hard money lenders west palm beach, palm beach mortgage, mortgage brokers palm beach county, the mortgage team, palm beach mortgage group, plam mortgage, jupiter lending, mortgage companies in florida, mortgage broker west palm beach, palm beach mortgage, mortgage brokers palm beach county, hard money lenders west palm beach, west palm beach mortgage company, mortgage rates, simple mortgage calculator, mortgage amortization calculator, mortgage calculator with pmi, mortgage calculator zillow, mortgage calculator texas, mortgage cost calculator, mortgage simple definition, va mortgage calculator, va mortgage rates, va home loan requirements, va loan benefits, va home loan benefits, va loans bad credit, va home loan certificate of eligibility, va personal loan, usda rural development, usda mortgage calculator, usda direct loan, usda mortgage rates, usda loan credit requirements, usda lenders, usda loan income limits, usda direct loan income limits, usda loan calculator, usda loan rates, usda direct loan, usda mortgage rates, usda home loan calculator, what does usda do, usda loan income requirements, usda loan eligibility map, usda loan rates 2018, usda lenders, usda loan income limits, usda business loans, usda loan home condition requirements, usda home loan map, usda credit score waiver, what does aphis stand for, quicken loans 1 down payment, fha mortgage lenders near me, usda loan requirements pa, what does fsis stand for, usda organic full form, top usda lenders, does quicken loans do 203k, where to apply for a usda home loan, mortgage calculator, what is a jumbo loan, jumbo loan rates, fha loan limits florida 2018, what is a gse loan, gse 1 unit limit, va loan limits florida, conventional loan limits florida 2018,

 

How Does the Supply of Homes for Sale Impact Buyer Demand?

The latest edition of the Realtors Confidence Index from NAR sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand). Until the supply of homes for sale starts to meet buyer demand, prices will continue to rise.

The price of any item is determined by supply, as well as the market’s demand for the item. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index.

Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand).

Buyer Demand

The map below was created after asking the question: “How would you rate buyer traffic in your area?”How Does the Supply of Homes for Sale Impact Buyer Demand? | Simplifying The Market

The darker the blue, the stronger the demand for homes is in that area. The survey shows that in 3 of the 50 U.S. states, buyer demand is now very strong; only 2 of the 50 states have a ‘weak’ demand. Overall, buyer demand is slightly lower than this time last year but remains strong.

Seller Supply 

The index also asked: “How would you rate seller traffic in your area?”How Does the Supply of Homes for Sale Impact Buyer Demand? | Simplifying The Market

As the map below shows, 18 states reported ‘weak’ seller traffic, 29 states and Washington, D.C. reported ‘stable’ seller traffic, and 3 states reported ‘strong’ seller traffic. This means there are far fewer homes on the market than what is needed to satisfy the buyers who are looking for homes.

Bottom Line

Looking at the maps above, it is not hard to see why prices are appreciating in many areas of the country. Until the supply of homes for sale starts to meet buyer demand, prices will continue to increase. If you are debating listing your home for sale, let’s get together to help you capitalize on the demand in our market now.

 

Source: Click Me

Mortgage Brokers in North Palm Beach FL, Christian Penner Mortgage Team, North Palm Beach FL mortgage lender specializes in conventional, FHA, VA, Jumbo and Reverse Mortgages. Competitive Rates, Apply Today!


 

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: 561-316-6800


Helping You Achieve the American Dream of Home Ownership

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


Christian Penner, Branch Manager Mortgage Broker West Palm Beach talks about Real Estate West Palm Beach. He also serves other Local Areas and provides home Mortgage Solutions for Palm Beach Gardens, Jupiter, Boca Raton, Wellington and Tequesta. Christian Penner Mortgage Broker Jupiter has the lowest mortgage rates and the best home mortgage programs like; Jumbo loans, FHA Home Loans, VA Home Loans, Reverse Mortgage Home Loans, Freddie Mac Home Loans, Fannie Mae Home Loans and HARP Mortgage Loans. Christian Penner Mortgage Broker Palm Beach Gardens has Served the area for over 18 years with his Home Loan Lending Needs and Works with The Christian Penner Mortgage Team. Ask Me About A Mortgage, Palm Beach Mortgage Lender, West Palm Beach Mortgage Lender, Palm Beach Gardens Mortgage Lender.

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

Buyer Referral Hotline: (561) 316-6800

– – –


ChristianPenner.com

http://www.christianpenner.com/how-does-the-supply-of-homes-for-sale-impact-buyer-demand-2/

How Does the Supply of Homes for Sale Impact Buyer Demand?

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

Recommended Posts