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Sponsored by Quicken Loans |
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Power Brokers: In Inventory Pinch, Millennials Hold Promise |
By Suzanne De Vita |
Despite extensive labor shortages, inflationary pressures and talk of a trade war, the economy is on a healthy track. In housing, however, the momentum is not overshadowing scarce stock—a critical issue for 71 percent of Power Brokers, according to RISMedia's 30th Anniversary Power Broker Report & Survey. The drought has been a pressing problem, and is deepening heading into spring—February inventory was at 3.4-months supply, and down 8.1 percent year-over-year, the National Association of REALTORS® (NAR) reports. In addition to constrained inventory, competitive firms are a concern (cited by 16 percent of Power Brokers), as well as recruiting (9 percent) and ...
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