Home buyers typically have a specific wish list in mind when it comes to what they want in a house. Things like the size of the kitchen or the number of bedrooms can be dealbreakers and rule out a listing before a buyer even considers whether they like the house or the surrounding neighborhood. So, when there aren’t enough homes for sale, the likelihood of finding a house that checks all your boxes gets smaller. That means more compromise. It also means more disappointment. That’s why a recent report showing new listings up 2.1 percent during the last week of August is a positive sign for buyers. The increase pushed new listings to their highest level in four years and played a role in keeping prices flat from last year. Heading into fall, that’s a good sign that buyers will have more negotiating power and a better shot at finding a home that fits their needs. (source)
