• Skip to main navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

Realty Solutions Group

Service Beyond Expectations

SearchClose

Rock County Housing Stock Disappearing: What Is the Impact on You?

Rock County Housing Inventory Disappearing: What Is the Impact on You?

The Rock County real estate market is predicted to do very well this yr as mortgage rates remain at historic lows. One problem to the housing industry is the lack of houses out there on the market. Last week, move.com launched a report showing that 2020 is beginning with the lowest available housing inventory in two years. The report explains:

“Last month saw the largest the most important the biggest year-over-year decline of housing stock in nearly three years with a dramatic 12 p.c decline, pushing the number of houses on the market within the U.S. to the lowest level since January 2018.”

Rock County Housing Inventory Disappearing: What Does This Mean to You?

The report additionally revealed that the decline in inventory stretches throughout all price points, as shown in the following graph:George Ratiu, Senior Economist at realtor.com, explains how this drop in accessible properties on the market comes at a time when extra consumers are expected to enter the market:

“The market is fighting a large housing undersupply just as 4.eight million millennials are reaching 30-years of age in 2020, a prime age for a lot of to buy their first dwelling. The significant inventory drop…is a harbinger of the continuing imbalance anticipated to plague this yr’s markets, because the variety of properties on the market are poised to reach traditionally low levels.”

The question is: What does this mean to you?

If You’re a Rock County Home Purchaser…

Be patient throughout your property search. It could take time to discover a house you like. Once you do, however, be prepared to maneuver forward quickly. Get pre-approved for a mortgage, be able to make a competitive offer from the start, and understand that a} shortage in inventory could lead to the resurgence of bidding wars. Calculate just how far you’re keen to go to secure a home, in the event you actually find it irresistible.

If You’re a Rock County Home Seller…

Notice that, in some ways, you’re within the driver’s seat. When there’s a shortage of an item at the identical time there’s a strong demand for that item, the seller of that item is in an excellent position to barter. Whether it’s value, moving date, attainable repairs, or the rest, you’ll be able to demand extra from a potential purchaser at a time like this – especially you probably have multiple buyers. Don’t be unreasonable, however perceive you most likely have the higher hand.

Bottom Line

The Rock County housing market will stay sturdy all through 2020. Understand what that means to you, whether you’re buying, selling, or doing both.

Table of Contents

    • If You’re a Rock County Home Purchaser…
    • If You’re a Rock County Home Seller…
  • Bottom Line

Post navigation

« Richland County Housing Stock Vanishing: How Does This Affect You?
Rusk County Housing Stock Vanishing: How Does This Affect You? »
Search for:

Recent Posts

  • Bright Days Are Ahead When You Move Up This Summer [INFOGRAPHIC] May 27, 2022
  • Why Summer Is a Great Time To Buy a Vacation Home May 26, 2022
  • How Buying or Selling a Home Benefits the Economy and Your Community May 25, 2022
  • Sellers Have an Opportunity with Today’s Home Prices May 24, 2022
  • Sellers Have an Opportunity as Home Prices Re-Accelerate May 24, 2022

Recent Comments

    Archives

    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
    • December 2016
    • February 2016
    • 0

    Categories

    • Baby Boomers
    • Buying Myths
    • Demographics
    • Distressed Properties
    • Down Payments
    • First Time Home Buyers
    • For Buyers
    • For Sellers
    • Foreclosures
    • FSBOs
    • Gen Z
    • Generation X
    • Holidays
    • Housing Market Updates
    • Infographics
    • Interest Rates
    • Luxury Market
    • Millennials
    • Move-Up Buyers
    • New Construction
    • Pricing
    • Rent vs. Buy
    • Selling Myths
    • Senior Market
    • Short Sales
    • Time-sensitive
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Search for:

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Go to mobile version