Why first-timers should rethink buying in a hot housing market quoting : "Belfast Telegraph"

Low inventories of homes for sale has discouraged some Spokane-area residents from putting their property on the market, real estate agents said. For buyers, that means about 500 fewer homes on the market at the start of the busy residential real estate season. "We both work at home, so we each need an office," Stephanie Aken said. "Four of the five homes we wanted to look at are already under contract," Stephanie Aken said. "If someone is considering selling their home, this seems to be an optimum time."The tight inventory of homes for sale in Spokane County reflects national real estate trends.


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General election could put already slowing housing market on pause
Commenting on the prospect of a general election on June 8, Yorkshire Building Society economist Andrew McPhillips said: "The housing market is going through a sluggish period at present and a general election adds to the chances of it lasting longer. The property market could be put on pause this summer as potential home buyers sit it out to await the outcome of the general election, it has been suggested. There have already been signs of the housing market slowing down in recent months amid signs of consumer caution over the uncertain economy and Brexit. But he said a decisive election result, whatever the outcome, could result in a surge in housing market activity afterwards. "However, it means that whoever wins will start with a clean slate, which will be a good thing for the housing market."


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