Svenja Gudell - Zillow

facebook_page
twitter_page

Last quote by Svenja Gudell

Rising rents are also a factor – it's extremely difficult to save when you're paying record-high rents. For those trying to save for a down payment, it's important to set realistic goals and realize it may take a few years.feedback
share this quote
Apr 12 2017
Svenja Gudell has been quoted 19 times. The one recent article where Svenja Gudell has been quoted is This is what's behind the severe housing drought. Most recently, Svenja Gudell was quoted as having said, “It's hard to understate how important it will be for builders to continue adding new inventory to the market, especially in the low- and mid-priced segments where so much of the current home buyer demand lies. But a few months of good progress won't meaningfully change the dynamics of this year's home shopping season – inventory is tight, competition will be fierce, and buyers need to be prepared to weather some frustration and show a lot of patience.”.
Automatically powered by Storyzy
Take our quote verification challenge and find out !

Svenja Gudell quotes

The housing market has been favoring sellers for the past few years. Sellers in the current housing landscape often have the luxury of listing their home 'as-is' without fixing it up or with only minimal window-dressing since demand for homes has been high and inventory low. It's common for sellers to receive multiple bids, and in the hottest markets, sell for over asking price, but these conditions will change in the future.feedback

Inadequate supply of homes available to buy – especially at the entry-level end of the market – remains a huge problem.feedback

Clearly, the market continues to underestimate just how much demand for homes is out there, even in the face of tight inventory and rising existing home prices that are now the highest on record.feedback

Still, the market can't stay on this course forever, and continued inventory shortages are leading to intense competition, escalating prices and mounting buyer frustration, with the average home search over the past year taking more than four months.feedback

At its worst, negative equity touched all kinds of homeowners in all kinds of markets. The type of community a given home was in – urban or suburban – mattered little. Fast-forward a few years, and the relative vibrancy of a given community and how it has performed over the past few years, and not necessarily its location in the city or suburbs, matters a great deal.feedback

Broadly speaking, the falling homeownership rate is a sign that renting isn't only for those just starting out or making a transition, but is becoming an increasingly viable longer-term option for many households. It also means incomes are not yet rising quickly enough to broadly support new homeownership, and that inventory remains too tight to allow for meaningful access to affordable housing.feedback

I think right now it has more than a novel feeling to it. I don't think people are expecting it to move the needle on any point.feedback

The struggle will continue for home shoppers this summer. New construction has been sluggish over the past year; we're building about half as many homes as we should be in a normal market. There still aren't enough homes on the market to keep up with the high demand from every type of homebuyer.feedback

No quotes...
More Svenja Gudell quotes
|< <
> >|

Quotes by Svenja Gudell

<
>
facebook_page
twitter_page
This webpage has been created by a robot: errors and absent quotes cannot be totally avoided
 
Feedback×

Quote :

Mistake :

Comments :