Housing Market Predictions and Inventory Tips from Equifax

April 06, 2013

Find a home and avoid identity theft typesWhile we are hearing a lot of success stories about rising prices, new starts and the turnaround of the market as good things, this success built on low inventory and rising prices may spell a difficult time for buyers who don’t act quickly or explore all available avenues when it comes to home conditions. The Equifax Finance Blog explains more about how the current market may prove difficult and ways buyers can get around these problems in the new article, “

Low Inventories May Hurt Spring Real Estate Market.”

In some markets, there are as few as 40 percent less homes on market than there were a few years ago, and many homes still have depressed value which is keeping them from going on to market. The number of foreclosures on market is also reduced, with increased investor demand and slowed processing in many states. Still, there are some great deals to be found in places that investors would look that normal homebuyers would miss and can dodge the inventory woes and multiple offer scenarios which may arise as spring moves forward.

It takes some doing to find this softer market, and may be a bigger investment in terms of time or effort than purchasing a new home. Many foreclosures still need work, and are kept on special lists that require additional training by real estate agents to be qualified for. With that in mind, look for an agent with an “SFR” designation to help you find the best deals when it comes to foreclosures, and if you can deal with putting in some work (or have handy friends), your options open up a lot. Having the vision to see what you can make out of a home rather than what is there now will help you save and give you more opportunities in this challenging market.

To learn more about the tips Equifax has for homebuyers this season, as well as how to avoid debt, serious identity theft types and just live a more financially-mindful life, check the Equifax Finance Blog.

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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