Inventory Levels in the Beach Haven West NJ Real Estate Market

Homes For Sale in the Beach Haven West Real Estate Market

Inventory Levels in the Beach Haven West NJ Real Estate Market
Inventory Levels in the Beach Haven West NJ Real Estate Market

Beach Haven West Real Estate

For many it seems buying a home in the Beach Haven West real estate market has become more challenging. Inventory levels nationwide, and certainly in Beach Haven West, are very low. We see low inventory levels elsewhere like on Long Beach Island and overall it makes buying a home more competitive. What this all means is that buyers should be well informed, well prepared and ready to make a move when the right house comes on the market. It is helpful to understand why inventory levels are trending lower and much of it has to do with interest rates and the current mindset of homeowners.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.beachhavenwestrealestate.com | www.BuyLBI.com

Click here to search all homes for sale in Beach Haven West

Inventory Levels in the Beach Haven West NJ Real Estate Market

The National Association of Home Builders recently surveyed homeowners who have been living in their homes for a decade or longer to find out why they are choosing to stay put. Seventy percent of respondents said they weren’t moving because they like their home and are comfortable in it. This is very true of the Beach Haven West real estate market in the wake of Hurricane Sandy. Sandy triggered a massive wave of rebuilding and now that owners have built their dream home, they are less likely to sell.  Others said they did not want to go through the hassle and expense of finding another home and moving (21 percent), and one-tenth of respondents said there were no homes on the market they would want to buy or could afford. “This last finding suggests that a not-so-trivial 10 percent of people living in their homes for a decade or more could be enticed to move if only there were more homes on the market to choose from,” according to NAHB’s Eye on Housing blog. Meanwhile, NAHB’s survey found that some of the least important factors in keeping homeowners from moving were to hold onto a low interest rate (5 percent) and because their home is still worth less than their current mortgage (3 percent). Source: National Association of Home Builders

Buying a home in the Beach Haven West real estate market offers great opportunity, when the right opportunity comes along. As I mention above it is important to be well informed and well prepared so that you can make the right move when the time comes. For more information about buying a home in the Beach Haven West NJ real estate market feel free to contact us anytime.

By : Nathan Colmer | The Van Dyk Group

Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com

www.beachhavenwestrealestate.com | www.BuyLBI.com

Click here to search all homes for sale in Beach Haven West

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