Real Estate News

Orlando Housing Inventory On The Decline

Posted by on Jun 15, 2012 in Uncategorized | 0 comments

After six years of real estate agents having to hunt for home buyers, recent reports show that agents will be facing the completely opposite problem: a lack of inventory.The National Association of Realtors (NAR) reports that in March, vacant housing slumped 22% from March 2011. The source of this lack of housing inventory seems to be that homeowners are not motivated to list their homes on the market because their property values have dropped in the past few years. Also, CoreLogic estimates that 11 Americans are upside down on their mortgages, further restricting their ability to move.
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