Have you heard from clients who want to delay listing their home until the season begins? Because sales and prices tend to peak in the spring and summer, it's a common request in many markets.However, this year is different. Jonathan Smoke, realtor.com®’s chief economist, stresses in his latest column that the conventional wisdom isn't correct this winter.Here’s why: At the beginning of 2017, inventory levels plunged to multiyear lows. Selle
In many markets, there are just not enough homes for sale to meet buyer demand.“More than two-thirds of the markets are seeing less inventory now compared to a year ago,” says Jonathan Smoke, realtor.com®’s chief economist. “Tight credit and limited new construction are clearly at play.”Realtor.com®’s research team scoured the data to find the locales facing the most severe housing crunch. Of the 150 largest markets, realtor.com®
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