{"id":2235,"date":"2019-04-24T05:00:53","date_gmt":"2019-04-24T10:00:53","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/new-study-reveals-one-surprising-reason-for-the-inventory-shortage\/"},"modified":"2019-09-12T13:33:47","modified_gmt":"2019-09-12T18:33:47","slug":"new-study-reveals-one-surprising-reason-for-the-inventory-shortage","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/new-study-reveals-one-surprising-reason-for-the-inventory-shortage\/","title":{"rendered":"New Study Reveals One Surprising Reason for the Inventory Shortage"},"content":{"rendered":"

\"New<\/p>\n

There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials don\u2019t want to own a home, blaming them for the dip in homeownership rate.<\/span><\/p>\n

While it is true that millennials have achieved milestones like getting married, having kids, and buying homes later in life than their parents and grandparents did, they are not solely to blame for today\u2019s housing market trends.<\/p>\n

Freddie Mac\u2019s <\/em>Insight Report<\/em><\/a> explored the impact of the Silent and Baby Boomer Generations on the housing market.<\/p>\n

If millennials are unable to find a home to buy at a young age like their predecessors, then who is living in those homes?<\/p>\n

The answer:<\/strong> Seniors born after 1931 are staying in their homes longer than previous generations, instead choosing to \u201cage in place.\u201d <\/em><\/p>\n

Freddie Mac<\/em> found that,<\/p>\n

\n

\u201cthis trend accounts for about 1.6 million houses<\/strong> held back from the market through 2018, representing about one year\u2019s typical supply of new construction, or more than half of the current shortfall of 2.5 million housing units estimated in December\u2019s Insight. <\/em><\/p>\n

Older Americans prefer to age in place because they are satisfied with their communities, their homes, and their quality of life.\u201d<\/em><\/p>\n<\/blockquote>\n

According to the National Association of Realtors, <\/em>inventory of homes for sale is currently at a 3.5-month supply, which means that nationally we are in a seller\u2019s market. A \u2018normal\u2019 housing market requires 6-7 months inventory, a level we have not achieved since August 2012.<\/p>\n

\n

\u201cThe most important fundamental in today\u2019s housing market is the lack of houses for sale. This shortage has been identified as an important barrier to young adults buying their first homes.\u201d <\/em><\/p>\n<\/blockquote>\n

Bottom Line<\/strong><\/h3>\n

If you are one of the many seniors who desires to retire in the same area you\u2019ve always lived, you\u2019re not alone. Will your current house fit your needs throughout retirement? If you have any questions about demand for your house, let\u2019s get together to discuss the opportunities available today!<\/p>\n

Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials don\u2019t want to own a home, blaming them for the dip in homeownership rate. While […]<\/p>\n","protected":false},"author":1,"featured_media":2236,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-2235","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"\nNew Study Reveals One Surprising Reason for the Inventory Shortage—NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/new-study-reveals-one-surprising-reason-for-the-inventory-shortage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Study Reveals One Surprising Reason for the Inventory Shortage—NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"There has been a great amount written on millennials and their impact on the housing market. 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