Housing inventories to remain low

Realtor.com is estimating that current low levels of housing inventory will go even lower in 2020. New listings increased in January 2019 by 6.4 percent but have been declining every month since, with June seeing a decline of 2.3 percent compared to June 2018.

Analysts say there are several reasons for the low number of new listings: many baby boomers are choosing to “age in place” rather than downsizing; “rate lock”. which are homeowners who purchased their home at lower rates than are available today. Finally, there are growing concerns about the overall health of the economy.th

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