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NAR News (National Association of Realtors / 전미 부동산 중개인 협회)

(마이애미부동산) Why is listing inventory so low? Five reasons – Florida Realtor News (마이애미부동산)

(마이애미부동산)

LOS ANGELES – April 28, 2014 – Low inventories plague housing markets across the country. It’s giving buyers limited options and sparking more bidding wars, though with sale prices rising, inventory seems to be growing a bit.

However, many current homeowners can’t or won’t sell, with some estimates suggesting that more than half of all existing homes are unlikely to be put on the market anytime soon. An analysis by Redfin looked at transactions across 29 metro areas for single-family homes, condos, and townhomes, as well as mortgages and refinances, since 1999.

Researchers identified a number of event keeping homes from going on the market:

1. Low equity: An estimated 19 percent of homeowners owe more than 80 percent of the value on the home. Many of these low-equity homes were purchased or refinanced during the housing bubble between 2004 and 2009, though the analysts estimate that nearly all will be in the black over the next five years.

2. Low mortgage rate: An estimated 16 percent of homeowners won’t sell quickly because they purchased or refinanced with an extraordinarily low mortgage interest rate – and they won’t get that kind of deal again if they move. (In Redfin’s analysis, a low mortgage interest rate was considered below 4.25 percent.)

3. Purchased or refinanced in the past seven years: Homes owned less than seven years tend not to sell, according to the analysts, because short-term ownership raises a red flag in the eyes of many buyers, as they wonder why the owner wants to move on so quickly.

4. Company or investor owned: A company or investors owns about 3 percent of homes, defined as an entity that bought five or more homes in a metro area during the past 10 years. “These investors are likely holding on to their investment for the capital appreciation and rental income,” the Redfin study says.

5. Ex-owner ownership: Fewer buyers actually sell their old home – many hold onto it as a rental investment property. A Redfin survey of 1,900 prospective homebuyers found that 39 percent said they would rent out the old residence. The percentage was even higher in such markets that have recently seen strong price appreciation.

Source: “Why Aren’t There More Homes for Sale?” Redfin (April 22, 2014), Los Angeles Times (04/05/14) Logan, Tim

© Copyright 2014 INFORMATION, INC. Bethesda, MD (301) 215-4688

(마이애미부동산)

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About jennyformiamihome

성심껏 도와드리겠습니다. 연락주시면 바로 상세히 답변드립니다. Jenny Shin / 신정미 부동산 (Broker's Real Estate) 남부 플로리다 마이애미 지역 한인 부동산 주택매매 렌트 싱글하우스 타운하우스 콘도 브라워드 카운티 마이애미 데이드 카운티 포트로더데일 웨스턴 코랄스프링 도랄 Rent or Buy single house, town house and Condo Miami Dade County / Broward County, fort lauderdale, coral springs, copper city, weston, doral 2225 N. Commerce Pkwy #9 Weston, FL. 33326 Direct : 954-551-0236 Office : 954-384-1616 Fax : 954-697-0447 E-mail : jenny_shin62@hotmail.com

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JENNY SHIN PROFILE


Jenny Shin / 신정미 부동산
(Broker's Real Estate)
2225 N. Commerce Pkwy #9
Weston FL 33326
Direct : 954-551-0236
Office : 954-384-1616
Fax : 954-697-0447
E-mail : jenny_shin62@hotmail.com

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