Here Comes The Housing Inventory

Here Comes The Housing Inventory

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Dan Miller

Realty Executives

Temecula CA

Direct: 951-387-5445

Here Comes the Housing Inventory!! | Keeping Current Matters

Almost every real estate conversation revolves around the continuous rise in house values over the last four years. Some have even mentioned a concern about another possible bubble forming. However, the recent increase in prices can be attributed to a very simple principle: supply and demand.

DEMAND

Demand for single-family housing has continued to increase as the economy slowly moves forward. Recent surveys have shown that over 80% of each generation still believes that homeownership is a part of the American Dream.  And a recent Gallup survey showed that Americans believe that real estate is the best long-term investment.

SUPPLY

Over the last several years, many homeowners were unable to put their homes on the market for an assortment of reasons (family finances, no or limited equity in the home). There has been a pent-up supply of sellers who have wanted to move but couldn’t. Below is a graph depicting the number of years families have historically stayed in a home. We can see there is pent-up seller demand.


Here Comes the Housing Inventory!! | Keeping Current Matters

As the economy improves and more families reach the point of significant equity (20%), we will see these homes come to market. As supply then matches demand, the acceleration of home price increases will begin to slow.

Bottom Line

If you are one of the families that have been chained to your current home over the last 5-7 years, now may be the time to break free and find the home of your dreams.

Contact Miller at 951-387-5445


Experience Dan Miller's Untouchable Service Since 1986





John Lewis Headshot
Author:
Phone: 951-640-8562
Dated: July 19th 2016
Views: 124
About John: 26 years as Temecula and surrounding expert in Real Estate. From first and experienced owners to inv...

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