www.buytetonland.com
Timothy S Anderson
Windermere Real Estate Teton Valley
Windermere Prestige Properties Las Vegas Nevada
pH 208 390 0737
email : buy@buytetonland.com
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Housing Inventory Tight in Parts of the Country
Homes for sale are in short supply in some parts of the country. Inventories are considered tight when it would take buyers six months to buy up the backlog, and that's just what's happening in many major cities.
In Denver, there is a 5.7-month supply; Phoenix, 4.5 months; and San Francisco, 3.2 months.
All over California, the supply of homes that sell for less than $300,000 is tight, said Leslie Appleton-Young, chief economist for the California Association of REALTORS®.
In the Pacific Northwest, Lennox Scott, CEO of John L. Scott Real Estate, doesn’t believe the end of the tax credits will ease demand. "In lower price ranges, prices will stay fairly stable because we're undersupplied," said Scott.
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