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Summer Housing Demand Up But Buyers Remain Cautious


CNBC reports that prospective homebuyers are requesting tours at a steady rate, but mortgage applications have been decreasing this summer.

Potential buyers of all ages are still swarming to open houses, however, fewer are making offers because of higher prices.

It’s a classic example of supply and demand as the number of vacant homes is at a 17- year low.

Despite low interest rates, many homebuyers never make it to the offer phase.

Nela Richardson, chief economist at Redfin, a real estate investment firm says, "In this market, homebuyers have to move fast, yet high prices and low inventory are slowing down even the most earnest of house hunters.”

For the full article, click HERE.

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer, and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

Mr. Willig also ran a consulting practice and provided valuation, analysis, and transactional support services to multi-billion dollar real estate companies. Previously, Mr. Willig served as the Senior Controller and Vice President of Financial Analysis and then the Chief Financial Officer of the Athena Group, a multifamily development company and fund manager.

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