One factor that is shaping the 2014 housing market is the low inventory of available existing homes for sale. In fact, Freddie Mac experts say U.S. housing inventory, when compared to the number of households, is at a 30-year low, HousingWire reports.
What is contributing to low inventory levels? Freddie Mac points to three factors including: underwater homeowners who are reluctant to sell, owners who refinanced and locked in low rates on their current home and slower real-estate owned sales. Read more from HousingWire.
In other headlines:
Jumbo Market Heats Up Among Small Lenders – Daily Real Estate News
Expect a Step Up in Housing Demand – Barron’s