Real estate agents concerned about market across country

Real estate agents concerned about market across country


tonight help me Hank revealing why real estate agents are concerned about the market not only a metro Detroit but across the country our consumer investigator Hank Winchester shows us why buyers may be shelling out bigger bucks in order to close the deals Hank you won’t be seeing a lot of these this summer in Metro Detroit in fact inventory expected to be near a record low what does that mean for those of you looking to buy and the kitchens really a good size real estate experts agree simply put there aren’t a lot of choices out there this year for people looking to buy a home so we’ve seen for several years now inventories or the number of homes available for sale has declined and we continue to see that going into the spring home buying season a big decline in inventory of homes for sale because as a bank rate.com survey suggests most homeowners just don’t want to move right now there are plenty of people who are perfectly happy with the home they’re living in and don’t see a reason or a reasonable chance to be moving in the next five years okay come here two out of three homeowners told Bank Rate they are willing to sell right now the housing market has become so competitive that buyers are offering much more than the list price particularly in competitive markets where you have multiple buyers submitting offers for the same property one way the buyers say they’re standing out is by submitting an offer for more than asking price Danielle Hale at realtor.com says it is definitely a seller’s market even with prices up 8% over this time last year and available homes sitting on the market for only a handful of days and experts say if you can wait a little bit you may be able to find more inventory and also better prices later this year maybe this fall i’m hank winchester helped me Hank [Music]

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