Existing-home sales have lagged over the past two years, while new-home sales have surged—highlighting a key dynamic: Buyer demand remains strong when inventory is available. “That may begin to shift,” says Lawrence Yun, NAR’s chief economist. “As time passes, life events—such as job changes, family transitions or financial needs—could prompt more homeowners to sell, even if it means giving up their low locked-in mortgage rates.”
Full article here: The Inventory Dilemma: Why Existing-Home Sales Are Falling Short
(512) 853-0110 or robert@AustinTxHomeSales.com
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