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

Realty Solutions Group

Service Beyond Expectations

SearchClose

Rusk County Housing Stock Vanishing: How Does This Affect You?

Rusk County Housing Inventory Vanishing: What Is the Impact on You?

The Rusk County real estate market is expected to do very well this yr as mortgage rates remain at historic lows. One problem to the housing industry is the shortage of properties available for sale. Last week, move.com released a report showing that 2020 is beginning with the least 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 inventory in almost three years with a dramatic 12 percent decline, pushing the number of properties for sale within the U.S. to the lowest stage since January 2018.”

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

The report also revealed that the decline in stock stretches throughout all price points, as proven within the following graph:George Ratiu, Senior Economist at realtor.com, explains how this drop in accessible homes on the market comes at a time when extra buyers are expected to enter the market:

“The market is battling a big housing undersupply just as 4.eight million millennials are reaching 30-years of age in 2020, a primary age for a lot of to purchase their first dwelling. The significant stock drop…is a harbinger of the persevering with imbalance expected to plague this 12 months’s markets, because the number of properties for sale are poised to reach traditionally low levels.”

The question is: What does this mean to you?

If You’re a Rusk County Home Purchaser…

Be patient throughout your home search. It might take time to find a dwelling you like. When you do, however, be prepared to maneuver ahead quickly. Get pre-approved for a mortgage, be able to make a competitive offer from the beginning, and understand that a} shortage in inventory may lead to the resurgence of bidding wars. Calculate just how far you’re prepared to go to secure a house, for those who really like it.

If You’re a Rusk County Home Seller…

Notice that, in some ways, you’re within the driver’s seat. When there’s a shortage of an merchandise on the identical time there’s a robust demand for that item, the vendor of that item is in a very good position to negotiate. Whether or not it is worth, shifting date, possible repairs, or anything, you’ll be able to demand extra from a possible purchaser at a time like this – especially if in case you have a number of buyers. Don’t be unreasonable, however understand you most likely have the upper hand.

Bottom Line

The Rusk County housing market will stay robust throughout 2020. Understand what that means to you, whether you’re buying, selling, or doing both.

Table of Contents

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

Post navigation

« Rock County Housing Stock Disappearing: What Is the Impact on You?
Sauk County Housing Inventory Disappearing: How Does This Affect You? »
Search for:

Recent Posts

  • The One Thing Every Homeowner Needs To Know About a Recession May 19, 2022
  • How Homeownership Can Bring You Joy May 18, 2022
  • Why Rising Mortgage Rates Push Buyers off the Fence May 17, 2022
  • If You’re a Homeowner, You Have Incredible Leverage When You Sell Today May 16, 2022
  • Should You Update Your House Before Selling? Ask a Real Estate Professional. [INFOGRAPHIC] May 13, 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