Housing Inventory Vanishing: What Is the Impact on You?

Dated: 01/16/2020

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The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that 2020 is beginning with the lowest available housing inventory in two years. The report explains:

“Last month saw the largest year-over-year decline of housing inventory in almost three years with a dramatic 12 percent decline, pushing the number of homes for sale in the U.S. to the lowest level since January 2018.”

The report also revealed that the decline in inventory stretches across all price points, as shown in the following graph:

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Angela Nash

As a lover of architecture, design, branding, and people, becoming a realtor was the perfect career move for me. I have a deep love for South Carolina, its culture, its food, people and its Gamecocks!....

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