Dwindling housing inventory is becoming a real issue for a recovering real estate market in area’s like Boston real estate market sales have been booming and setting records in recent months. Both new buyers and renters are running into problems trying to get the dream house they have been wanting and saving for in the last few years. Apartment vacancy rates are running below 3% which is a very tight level. Inventories of single family homes, condos and town homes are dangerously low, with sellers holding out to see what happens in the election in November. Other considerations that are having an effect on the current real estate recovery is the European Debt Crisis, our own debt crisis and the many tax decisions that the new President and Congress must make early in 2013.
VN:F [1.9.22_1171]LOW HOUSING INVENTORY THREATENS HOUSING RECOVERY,