Liz Ann Sonders, Senior Vice President
Chief Investment Strategist
Charles Schwab & Co., Inc.
This graph shows a declining supply of homes for sale on the market. It is clear that there has been a remarkable buyers market and it appears to be ending.
Remember the demand side ---- pent-up demand from increased population and a delay in family formations. The shadow inventory seems to be trickling out from the banks. They are managing foreclosures and not flooding the market as they did before.
On the supply side ---- decreased supply of homes on the market and historic low new home production. On the financing side ---- lowest interest rates in our life time.
RESULT -- a sellers market is coming! RESULT --- housing appreciation is coming!
Conclusion: If you or someone you know are interested in buying a home - don't wait!
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