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 Many home buyers and sellers are not fully aware that the housing market has shifted dramatically over the last 6 months. After years of high inventories and limited buyer activity, home inventories are now being depleted rapidly.  This is due to high demand driven by low interest rates and an increase in Consumer confidence. Home buyer activity is currently very high as buyers who have been holding off on their home purchase for years are finally entering the market.  In addition, there has been a large increase in sales attributed to foreign investors who are making cash purchases.  These dynamics have resulted in multiple offers becoming the norm which is driving higher sale prices.  
  • August 23 2012 - Pembroke Pines
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Answers (4)

Is there a question in there somewhere? I totally agree with your comments. But it sounds like good content for a blog, but not the Q&A section of Zillow.
  • August 23 2012
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Wheres the question David?
I see you're from Pembroke Pines. I am from Silver Lakes!
  • August 27 2012
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Profile picture for JPyszChicago
I agree. Buying has started. If you only can, BUY NOW.
  • November 02 2012
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Profile picture for Lisa Lucky
Yes we are experiencing an inventory shortage.  Buyers are frustrated in not being able to find a home that fits their criteria.
  • November 06 2012
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