{"id":7795,"date":"2022-06-28T10:00:39","date_gmt":"2022-06-28T10:00:39","guid":{"rendered":"https:\/\/thezakariagroup.com\/a-key-opportunity-for-homebuyers\/"},"modified":"2022-06-28T10:00:39","modified_gmt":"2022-06-28T10:00:39","slug":"a-key-opportunity-for-homebuyers","status":"publish","type":"post","link":"https:\/\/thezakariagroup.com\/a-key-opportunity-for-homebuyers\/","title":{"rendered":"A Key Opportunity for Homebuyers"},"content":{"rendered":"
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There\u2019s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the intensity and frequency of bidding wars. But those two things have reached a turning point.<\/span><\/p>\n As you may have already heard, the number of homes<\/a> for sale has increased this year, and even more so this spring. As Danielle Hale, Chief Economist for realtor.com<\/em>, explains<\/a>:<\/p>\n \u201cNew listings\u2013a measure of sellers putting homes up for sale\u2013were up 6% above one year ago. <\/strong>Home sellers in many markets across the country continue to benefit from rising home prices and fast-selling homes. That\u2019s prompted a growing number of homeowners to sell homes this year compared to last, giving home shoppers much needed options.\u201d<\/em><\/p>\n<\/blockquote>\n This is encouraging news. More homes<\/a> coming onto the market give you a greater chance of finding one that checks all your boxes.<\/p>\n Mark Fleming, Chief Economist at First American<\/em>, says<\/a> inventory growth is happening not just because there\u2019s an increase in the number of listings coming onto the market, but also because buyer demand has moderated some in light of higher mortgage rates and other economic factors:<\/p>\n \u201cThere has been a pickup in the inventory that we\u2019ve seen recently, but it\u2019s not from a big increase in new listings . . . but rather a slowdown in the pace of sales.<\/strong> And remember that months\u2019 supply measures the inventory of sale relative to the pace of sales. Same inventory, fewer sales, means more months\u2019 supply<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n\n
Buyer Competition Moderating Helps Inventory Grow Even More<\/strong><\/h4>\n
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