Housing inventory, buyer demand are market drivers: JPMorgan

February 26, 2019 Existing Home Sales, Hottest Markets, Housing Demand, Housing Supply, Local Market Insights home sales housing demand housing inventory months supply javier vivas

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In 2017, housing supply and pricing will be the key drivers, while demand for single-family housing will remain strong-mirroring 2016. Positive job gains and attractive interest rates continue to bring buyers to the market.

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Home JPMorgan meets market demand, lowers jumbo requirements. Lending JPMorgan meets market demand, lowers jumbo requirements. housing inventory, buyer demand are market drivers: JPMorgan.

The relationship of supply and demand affects the housing market and the price of a house. The law of supply and demand states when there is high demand for a good or service, the price of the good or service rises. If there is a large supply of a good or service but not enough demand for it, the price falls.

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In summary, the 2018 housing market will experience strong demand, but buyers will be challenged by rising prices-especially if they are looking for starter or lower-priced homes. For example, the National Association of Realtors forecasts that existing home sales will increase 6.9 percent from 2017 levels, while new single-family home sales will increase 17.1 percent nationally.

Indiana’s housing market continues to be marked by a dramatic imbalance between strong demand and scant supply. Hoosiers purchased a record number of existing homes in 2017, with total sales up 2.4 percent over the previous year (see Table 1).Meanwhile, the average monthly inventory of homes on the market in 2017 was nearly 14 percent lower than in 2016 (which itself was down 15 percent over.

Buyer demand continues to grow despite a lack of affordable housing in today’s market. Bank of America becomes the latest bank to go digital with the launch of its new digital mortgage platform. Plus, check out an interesting article on the intersection of man and machine within the appraisal industry.

Challenging conditions in the U.S. housing market. the primary drivers of Chinese demand for U.S. property, including.

That said, home prices should remain higher year-over-year, though, as the months supply of inventory metric (which measures inventory versus demand) was at just one month in September 2018, where a balanced market, not favoring buyers or sellers, is typically between 4-6 months of supply of inventory.