{"id":1952,"date":"2017-09-07T10:00:22","date_gmt":"2017-09-07T10:00:22","guid":{"rendered":"https:\/\/thezakariagroup.com\/america-needs-your-house\/"},"modified":"2017-09-07T10:00:22","modified_gmt":"2017-09-07T10:00:22","slug":"america-needs-your-house","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/america-needs-your-house\/","title":{"rendered":"America Needs Your House!!"},"content":{"rendered":"
\n

\"America<\/p>\n

The biggest challenge in today\u2019s real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue (emphases added):<\/em><\/span><\/p>\n

Mark Fleming, First American\u2019s Chief Economist<\/em><\/strong><\/a><\/h4>\n
\n

\u201cThe underlying fundamental issue is an overwhelming lack of supply<\/strong>\u2026 The supply of newly constructed homes is also sagging, adding to the supply<\/em> challenges. Over the last eight years, housing demand has increased by 5.9 million, but the net new number of housing units has only increased by 3.5 million.\u201d<\/em><\/p>\n<\/blockquote>\n

Svenja Gudell, Zillow\u2019s Chief Economist<\/em> <\/strong><\/a><\/h4>\n
\n

\u201cEveryone has been talking about tight inventory but I think we are OK calling it a straight up inventory crisis<\/strong> at this point. We just don\u2019t have enough homes.\u201d<\/em><\/p>\n<\/blockquote>\n

Sean Becketti, Freddie Mac\u2019s Chief Economist<\/em><\/strong><\/a><\/h4>\n
\n

\u201cHouse prices today are higher than they were at the peak in the summer of 2006, near-record-low mortgage rates have boosted housing demand, and sales volume is robust. The spoiler is the lean inventory of houses for sale<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n

Lawrence Yun, National Association of Realtors\u2019 Chief Economist<\/em><\/strong><\/a><\/h4>\n
\n

\u201cListings in the affordable price range continue to be scooped up rapidly, but the severe housing shortages inflicting many markets<\/strong> are keeping a large segment of would-be buyers on the sidelines.\u201d<\/em><\/p>\n<\/blockquote>\n

Bottom Line<\/strong><\/h3>\n

If you are considering selling your house soon, now may be the time to get it on the market. The lack of competition could lead to a faster sale at a higher price.<\/p>\n<\/div>\n

Powered by WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

The biggest challenge in today\u2019s real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue (emphases added): Mark Fleming, First American\u2019s Chief Economist \u201cThe underlying fundamental issue is an overwhelming lack of supply\u2026 The supply of […]<\/p>\n","protected":false},"author":101010,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[99,100,102,101],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nAmerica Needs Your House!! - The Zakaria Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thezakariagroup.com\/america-needs-your-house\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"America Needs Your House!! - The Zakaria Group\" \/>\n<meta property=\"og:description\" content=\"The biggest challenge in today\u2019s real estate market is a lack of housing inventory. 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