Local realtors report drop in inventory

Charlotte County realtors reported their inventory is down by more than 20 percent compared to last summer.

Some say it’s partially because homeowners don’t want to gamble with the homes they already have.

CASES AND 39 DEATHS.GLADES- 425 CASES AND THREDEATHS.We have more buyers, but lessinventory.IT’S A BUYER’S MARKET - BUT ISTHERE ENOUGH TO BUY?WE KNOW MANY OF YOU ARE USINGTHIS TIME TO TRY AND MAKESTRONGER FINANCIAL DECISIONS -DECISIONS TO HELP YOU AND YOURFAMILY SURVIVE THE ECONOMICTURMOIL.MOST REALTORS SAY NOW IS THETIME BUY A NEW HOME - YOU CANSAVE MONEY ON RENT BY TAKINGADVANTAGE OF FAIR PRICES AND LOWINTEREST RATES.BUT TONIGHT - IN OUR REBOUNDSOUTHWEST FLORIDA SERIES -RACHEL LOYD SHOWS US THERE IS ADOWNSIDE.RACHEL?:44 - :49(LLINTRO)CHARLOTTE COUNTY REALTORSREPORTED THEIR INVENTORY IS DOWNBY MORE THAN 20 PERCENT COMPAREDTO LAST SUMMER.

THEY SAY IT’SPARTIALLY BECAUSE HOMEOWNERSDON’T WANT TO GAMBLE WITH THEHOMES THEY ALREADY HAVE.NATSTHE PANDEMIC ISN’T STOPPINGREALTOR KARI WILBANKS FROMSELLING HOMES.NATSSHE’S DOING MORE VIRTUAL TOURSSINCE MORE PEOPLE ARE LOOKING TOBUY A NEW HOMEBUT SHE HAS ALIMITED SUPPLY TO OFFER.Smaller more inexpensive homesare flying off the market.Usually, within hours of beinglisted.

So, we definitely have asevere lack of inventory.CHARLOTTE COUNTY REALTORSCOLLECTIVELY REPORTED THEY HAVETWO THOUSAND LESS HOMES NOW THANTHEY HAD IN JULY 2019.We also see a lot of people whoare afraid to move, because ofthe coronavirus.

A lot of jobsare in question.SHE SAYS EVEN THOUGH THEINTEREST IS THERESOME PEOPLEARE HOLDING BACK ON MAKING SUCHA BIG PURCHASE.People are always going to needhousing.

At the same time duringshaky situations like these,there are people who are afraidthat the market is going tocrash again.

And, do I foreseethe market crashing?

I foreseesome kind of influx.SHE SAYS THAT’LL MOSTLY BE DUETO THE FORECLOSURE MORATORIUMGOVERNOR RON DESANTIS EXTENDEDUNTIL THE FIRST OF SEPTEMBERIFPEOPLE DON’T HAVE A WAY TO MAKETHOSE PAYMENTS BY THE TIME ITSLIFTED.(LLTAG)AND IF YOU’RE LOOKING TO BUY AHOMESUPPORT IS AVAILABLE.WILBANKS SAYS LEE COUNTY HASFUNDING FOR FIRST-TIME HOMEBUYERS IN LEE.CHARLOTTE ANDDESOTO COU