U.S. Home Inventory - March '22

In recent years, home owners have rejoiced with their equity skyrocketing to new all time highs. Unfortunately for buyers, the feeling is not mutual. With the prices of homes continuing to climb throughout the United States, it makes us wonder, why? Why are the prices going up? Why are so many qualified buyers losing out on homes even after offering way more than listing price? Why are homes selling so quickly? Let’s take a look at this chart provided by, Altos Resource. A few years back, in normal market conditions, we can see the ebbs and flows transitioning from buyer’s markets to seller’s and vice versa. It is not until the Covid-19 Pandemic we notice a sharp drop in inventory. Lockdowns and travel restrictions led to increased demand for single family homes. Add to this the countless money printing from the federal government, the debasing of the US Dollar, and the high percentage returns, it only makes sense for finically savvy individuals to park their capital in real estate. What can you do to be successful in this market? That’s a great question! Although it would be impossible to give a blanket statement that would suffice as an answer because everyone’s situation is different. These are tough times but we are here to help! Feel free to reach out so we can begin to formulate your approach to owning a home of your own!