How many buyer-occupants do you now represent who are pre-qualified in writing by a lender based on a verified source of funds?
0-1; (41%, 35 Votes)
2-3; (36%, 31 Votes)
6 or more (13%, 11 Votes)
4-5; or (10%, 8 Votes)
Total Voters: 85
The housing market, as with all open markets, is driven by demand – so why is everyone stuck on supply? Part I of this article series discusses the factors preventing buyer-occupants from entering California’s housing market and provides a diagnosis for the housing recovery: buyer-occupant demand.
For an analysis of why the housing inventoryProperties available on the market through the multiple listing service (MLS). appears to be shrinking, see Part II of this series.
Where does buyer demand come from?
Have you heard the news? Rumor has it buyer-occupants are standing in line ready to buy, and it is only California’s low housing inventoryProperties available on the market through the multiple listing service (MLS). that is thwarting their demand for housing (and halting the housing recovery).
A quick lesson in fundamentals: end-user demand, organically originatingfrom those intending to occupy the property as shelter or rent it out for a long-term investment, controls the consumption of housing. If consumers do not want it, the inventoryProperties available on the market through the multiple listing service (MLS). size does not matter.
End of free preview
The rest of this content is only available to first tuesday Members. If you are a current first tuesday Member, please login above.
Not a current Member? For only $29.50, our Annual Membership includes access to: