Remove 2012 Remove Inventory Remove Renovations Remove Sellers
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As vacant foreclosures increase, so does buyer interest

Housing Wire

That competition helped lift average price execution (winning bid as percentage of seller reserve) for vacant REOs to 104.8% Seeking new inventory sources. If you had asked me about gentrification in Newark in 2012 and 2013, I would have told you I’m not worried about gentrification; we just need to get properties re-occupied.

Buyers 329
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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

Housing affordability decreased in 45 of the 50 states from 2012 to 2019. Look at the green states of Idaho, Nevada and Utah on the 2012 map; they have seen housing affordability plummet by 2019, skipping past the yellow category to brown in less than a decade. Many dug into savings and had their homes renovated or repaired.

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HOUSING ‘TRIFECT’ PUTTING SQUEEZE ON BUYERS

Will Springer Realtor

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. The single-family housing market is sluggish, as many prospective buyers and sellers have chosen to focus on enjoying the many weeks of beautiful weather.

Buyers 36
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Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

>> The lack of inventory to keep real estate moving is confirmed with the latest data on U.S. Its data show home prices have far outpaced incomes since 2012. The excess of inventory that occurred in 2007, 2008 and ’09, was an anomaly,” said Marci Rossell, former chief economist for CNBC. existing home sales.