Realtor: 5 Trends the Housing Market Will Regret
Home buyers say tight inventory and rising home prices are causing several negative trends in the housing market. According to ValueInsured’s latest Modern Homebuyer Survey, a quarterly report based on more than 1,000 responses, buyers say the following trends will leave the housing market in a weaker position:
- The “no inspection” trend: 58 percent
- The “offer sight unseen” trend: 57 percent
- The “co-buying with strangers” trend: 54 percent
- The “cashing out from retirement savings” trend: 37 percent
- The “tiny home” trend: 36 percent
Source: ValueInsured
Realtor: Would-Be Sellers Fear Becoming Priced-Out Buyers
With a seller’s market in many places across the country, why are so many homeowners reluctant to sell? Nearly 80 percent of more than 1,000 homeowners recently surveyed say they believe now is a good time to sell a home, but many don’t plan to list their homes anytime soon.
Numerous would-be sellers say they’re holding off because of the high price they’d have to pay for their next home, according to ValueInsured’s latest quarterly Modern Homebuyer Survey.
Bloomberg Radio: Real Estate Report featuring Joe Melendez, CEO ValueInsured
It is seen as a seller's market in many parts of the country because of low inventory but those high prices are a double-edged sword when it comes to selling and then buying a home. People believe they can get an exceptional value for selling their home but then they're afraid to buy into a new property at these new market prices. Joe Melendez is CEO at ValueInsured.