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Explaining Today’s Low Housing Supply

Keeping Current Matters October 2, 2023

Buyer

If you're looking to buy a home, you may be wondering why the supply of homes for sale is limited today. Here are a few factors at play.

Lack of building over Time

For 14 years, builders didn't construct enough homes. That's caused a long-standing shortage of new homes.

The Mortgage Rate Lock-In Effect

Some homeowners don't want to move and get a higher mortgage rate on their next home. This means fewer existing homes are coming onto the market.

People Are Staying in Their Houses Longer

Since 2010, people have been living in their houses for longer. This leads to fewer houses for sale since people don't move as often.

While the supply of homes for sale is low, real estate agents know exactly where to look and what to do to make your dream a reality. Let's connect so you have an expert on your side to help you successfully navigate the market and find your next home.

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Explaining Today’s Low Housing Supply

Lack of building over Time

The Mortgage Rate Lock-In Effect

People Are Staying in Their Houses Longer

Recent Blog Posts

West Palo Alto Neighborhoods

6 Easy Changes You Can Make To Keep Your Home Warm on a Budget

The Best Time Of Day To Drink Coffee For Maximum Benefits Isn’t First Thing When You Wake Up

How Much Home Equity Have You Gained? The Answer Might Surprise You

Comedian Heather McMahan Is A Crazy Dog Mom, Just Like The Rest Of Us

New Study Details Artificial Intelligence Practices in the Real Estate Sector

We are Your GPS to Success Let’s Get Started

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