Housing inventory is a key indicator of the strength housing market and the overall economy. Housing inventory, simply put, is the number of homes for sale. Economic forecaster keep a close eye on the National Association of Realtors (NAR) housing inventory report, which estimates how long it would take to sell all of the houses on the market at that time.
In a healthy housing market, it would generally take six to seven months for the available housing inventory to sell. During 2008 the Housing Bust pushed supply above 10 months. Analysis of the 2011 figures from NAR show a slight improvment with a supply that would take 9.5 months to clear off the books.
What Makes Inventory Rise or Fall?
If you have any questions about housing inventory or buying or selling a home, please send me an email, text, or give me a call.
Saturday, October 15, 2011
3:00pm-8:00pm
Location: Starling Neighborhood
NEW! MINUTE TO WIN IT! Contest Only 15 Spots Available! Sign Up Today!
Come on out and bring the kids.
Exquisite Mediterranean Estate in Lithia, FL, privately nestled on 5 acres in a gated community & zoned for horses. As soon as you enter this fabulous 6br/7ba/6cg,10,000sf home you will know you're home. You're sure to be impressed w/ the amazing details & upgrades of this custom home built by the current owners. Admire the two custom wood/wrought iron staircases that overlook the formal living/foyer area and the library w/French doors that lead you out onto a private balcony.
The chef's kitchen boasts every upgrade imaginable and also features a decorative ceiling and offers a great view of the pool area.Just off the main kitchen is a temperature controlled wine room.The pool is complete with accent fountains,heated spa,and sits adjacent to a fully loaded cabana,complete with a large grill,refrigerator,sink,dishwasher,granite countertops & large outdoor living areas.
Additional features include large aquarium with exotic fish in family room,exercise room with its own entrance that overlooks pool area,hallway w/barrel celing leads you to the sunny& private office that offers its own patio & private entrance.2nd floor accommodates: game room w/a built in bar, refrigerator,sink,& dishwasher,8 seat theater room w/ reclining leather seats,16 x 9 ratio high definition widescreen projection & full surround sound,3 bedrooms all w/walk in closets & most with California closets & loft that overlooks into formal living room.Added features include over 30 Roman columns,wood shutters throughout,full audio system,and 3 fireplaces.
If this sparks an interest or if you have questions about this home or one similar, please call, email or text.
The Duncan Duo Team.
What do Jon Tipton, Realtor and Glenn Beck have in common? The Duncan Duo with Keller Williams Realty Tampa. Jon, who has great experience in the real estate industry himself has recently joined Andrew and Angela Duncan of the "Duncan Duo Team". Jon is quoted as saying "The Duncan Duo is on fire in the Tampa Bay Area, they have created a great opportunity and I'm honored to be a part of their team".
When you're thinking about buying a home, the first steps in the home buying process are:
1. Deciding when you want to make your move.
2. Considering how much money you would like to spend.
3. Thinking about what needs you have in a home.
4. Deciding where you would like to live.
The next step is usually finding out how much loan you can qualify for and deciding the type of financing that will work best for you.
If you're in the "thinking" stage, you will want to speak with a lender about receiving pre-qualification. If you choose to become pre-qualified, the lender will determine how much you can borrow based on financial information you provide to the lender. Pre-qualification is useful for making preliminary decisions about how much home you can afford, but does not assess your creditworthiness.
You will need to fill out a loan application and go through the lender's loan approval process at a later date. When you decide to buy a home, you will want to become pre-approved for a loan prior to beginning your home search. This makes the process smoother and shows sellers you are a serious buyer.
To contact our preferred lender please give us a call. Please don't hesitate to call or email for additional information about the buying process. Our goal is to provide you with practical information as you consider your next move. And, when you're ready to make your move, We'll help you find your dream home and handle all the details of the transaction, so all you need to do is pack!
If you have questions about making the decision to buy a home, please feel free to call Text or email.
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The Duncan Duo Team has evolved into one of the premier real estate marketing teams in the State of Florida. Please consider our experience when choosing a real estate marketing group in Tampa.
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