Capital Economic says recent price gains continue to make some investors nervous as more sellers list their properties to take advantage of recent price increases in many markets.
As these listings increase the current inventory in any particular market some fear that this could trigger a “bubble”, albeit not like the 2008 event. The increase in listings has improved the inventory in many markets by as much as 10% higher than at the start of this year.
“With sellers motivated by the earlier rise in house prices, we expect the loosening in supply conditions to go much further over the next year,” Paul Diggle of Capital Economic said. “The upshot is that the pace of house price gains will slow.”1
Even with the upswing in price and inventory, overall most industry watchers still consider the housing market favorable to the buyer. The concern still is the lack of financing as lenders have not significantly loosened their standards since the end of the housing bubble of earlier years.
“Medium priced homes are leading the statistics we are seeing now as more and more buyers are re-thinking over estimating their financial means.1
As usual, owner financed homes have been able to enjoy a shorter time on market and slightly better than market pricing and will probably continue to have this advantage for several years to come.
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This information is intended to be used as a general guide. It is not intended to constitute legal advice and is not a substitute for the advice of an attorney. While every effort has been taken to present the information accurately, this document may not be infallible. No warranty is made that these materials are current, complete, accurate, or suitable for any particular purpose. You should seek advice from your attorney before proceeding with any real estate transaction.
Source(s):
- Sellers Returning as Investors Pull Out, Tory Barringer, 9/9/13 , DS News, http://www.dsnews.com/articles/report-sellers-returning-as-investors-pull-out-2013-09-09 Date Retrieve (09/10/13)
