The economic theory – the law of supply and demand – explains what's happening with home prices in the current real estate m...
Dominique Dalia-Rudolph
Posts with tag 'inventory'
Dominique Dalia-Rudolph Blog
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May
12
12
Wondering Where the Long Island Housing Market is Headed? [INFOGRAPHIC]
Some Highlights
- Curious to see what rest of the year has in store for the housing market? Here you will find what experts have to say.
- Home prices as well as mortgage rates are expected to rise. Industry experts are predicting another
May
4
4
The Future of Home Price Appreciation . What Does It Means for You?
Consumers and the pucblic alike are wondering what will happen with home valuesin the coming years. Some people are concerned that the recent increase in home prices will lead to a situation similar to the housing crash 15 years ago.
Experts say, however, that the market is very different today. Odeta Kushi, Deputy Chief Economist at First American, recently to took to twitter on this issue:
". . . We do need price appreciation to slow today (it's not sustainable over the long run) but high price growth today is supported by fundamentals- short supply, lower rates & demographic demand. And we are in a much different & safer space: better credit quality, low...
May
3
3
Today's Housing Market - Myths [INFOGRAPHIC]
Some Highlights
- It's important to be aware of common misconceptions when you're planning to buy or sell a home today.
- A professional will help you to make the right decision when it comes to home prices and mortgage rates as a buyer or when it comes to knowing what upgrades or repairs to make before you
April
12
12
Consumers Would Like to Know: Why Is The Housing Inventory Still Incredibly Low?
One question that's top of mind for homebuyers this year is: why is it so difficult to find a house to buy? The truth is, we're in a strong sellers' market, so real estate is extremely competitive for buyers right now. The amount of buyers searching for a home greatly outweighs how many homes are available for sale.
All though low inventory in the Long Island housing market isn't new, it's a challenge that has continued to grow over time. Here are two reasons why today's housing inventory is minimal and what it means for you.
1. New Home Construction Fell Behind for Several Years
The image below depicts new construction for single-family homes over the past five decades, including the long-term average for housing units completed. Builders exceeded that average during the housing bubble (shown in red on the graph). This resulted in an oversupply...
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