BEST REAL ESTATE LEADS FOR REHABBING HOMES LEON MCKENZIE
71 % of the 2015 market , “ As of March 31 , nearly 71 % of homes on the market were stale , meaning they had languished unsold for more than a month , according to the latest report by real estate brokerage Redfin . New listings shot up 9.2 % last month , but the spring housing bounce is so far nowhere near big enough to satisfy demand . Nationwide , the total number of unsold homes rose 5.3 % in March to 2 million , but at the current pace of sales , that supply would be exhausted in only 4.6 months , according to the National Association of Realtors .”
Normally , the supply of homes on the market in most metropolitan areas would be much longer than just over four months . While it does sound like there is elasticity in the market , only having approximately a four month supply of homes just isn ’ t enough . The result of not having enough homes on the market can not only make it hard to find a home , but has resulted in increased prices on the homes that are available . This , too , is not good news for those investors who want to purchase homes as increased prices can lead to decreased profits .