Rose & Womble Realty
About The Area
Norfolk gives $30K
First Time Buyers
9 Steps to Owning
Home Buyer Checklist
Short Sale? Foreclosure?
Short Sale Buyer
Applying for a Loan
Down Payment Assistance
Reverse for Purchase
Your FICO Score
Daily Rate Lock Advisory
Military Family Program
Active Duty Mortgage Relief
New military program for short sale
Home Price Index
Staging Your House
Curb Appeal List
Short Sale Seller
Area Home Search
New Home Search
Estates at Grassfield Meadows
My Real Estate Blog
How Low Supply & High Demand Impacts the Real Estate Market
March 29th, 2017 4:16 PM by Preston Mangum; Realtor, GRI, ABR, SRES
How Low Supply & High Demand Impacts the Real Estate Market [INFOGRAPHIC]
The concept of Supply & Demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!
Anything under a 6-month supply is a Seller’s Market!
There has not been a 6-months inventory supply since August 2012!
Buyer Demand continues to outpace Seller Supply!
Posted by Preston Mangum; Realtor, GRI, ABR, SRES on March 29th, 2017 4:16 PM
Post a Comment
Subscribe to this blog
4 Reasons To Buy This Summer
Mortgage Interest Rates Reverse Course in 2017
Buying a Home? Do You Know the Lingo?
Millionaire to Millennials: Buy Now!
How Low Supply & High Demand Impacts the Real Estate Market
I think we're going to believe Grandpa!
Tarp - Success or Failure?
Will I get more money if I wait?
If those that are rich are doing it, shouldn't the rest of us consider doing it too?
Buyer Demand is Outpacing the Supply of Homes for Sale
2 Myths That May Be Holding Buyers Back
Will Housing Affordability Be a Challenge in 2017?
The Renovations That Will Pay Off the Most for Your Home in 2017
Inadequate Inventory Driving Prices Up
The Fed Raised Rates: What Does That Mean for Housing?
Is Getting a Home Mortgage Still Too Difficult?
Buying a Home? 4 Demands to Make on Your Real Estate Agent
Don't Get Caught in the Rental Trap!
5 Reasons To Hire A Real Estate Pro
Americans Believe Real Estate is Best Long-Term Investment
3 Crucial Questions Most Home Buyers Don't Know the Answer To...DO YOU?
Saving to Buy a Home? Do You Know the Difference Between Cost & Price?
Serious About Home Buying? Get Pre-Approved
When Is It A Good Time To Rent? Definitely NOT NOW!
Worried About Running Out of Money in Your Retirement Years? You're Hardly Alone
In a Seller's Market: Is it Time to Downsize?
Who Pays the Highest Property Taxes?
Mangum: A cautionary tale from Puerto Rico
Link to local event calendar for April 2016
2016 Home Sales Are Doing Fine!
What You Don’t Need To Hear From Your Listing Agent
Existing Home Sales Bounce Back
Get the Best ROI with Your Next Home Improvement Project
You May Have To Sell Your Home Twice!
2016: Homeowner’s Net Worth Will Be 45x Greater Than a Renter
Applying For A Mortgage: Why So Much Paperwork?
The Importance of Home Equity to a Family
Why You Should Hire A Professional When Buying A Home!
Renters: It is about to Get A Lot Worse
The REAL Reasons Americans Buy a Home!
5 Financial Reasons To Buy A Home
Buyer Demand Continues To Outpace Housing Supply
Home Sales Will Remain Hot This Summer
Should I Rent My House Instead of Selling It?
Buy vs Rent: What Really Creates Family Wealth?
What is a Housing Bubble? Is One Forming?
5 Reasons You Shouldn’t For Sale By Owner!
The #1 Reason to Buy Right Now – THE MONEY!!
Today Kicks Off National Home Ownership Month
Just Listed! 3400 Dana Lane Virginia Beach, VA 23452
Just Listed! 2033 Lone Pine Rd Virginia Beach, VA 23451
If You are Thinking of Selling, Now’s the Time
More Home Buyers Putting Less Down
Buying a Home is 35% Less Expensive than Renting!
The Truth About Rising Prices & Family Wealth
Homeowners: We Need to Sell Your House Twice
There's No Place Like Home
The Deal of the Century??
Does Homeownership Make Sense Financially?
Housing Market is Healthiest in Years!
Pending Sales Surge: Great Sign for the Housing Market
Is Another Bubble Forming?
Freddie Mac’s New 3% Down Program
Housing Market to “Spring Forward”
Hurry Up!! Call your Agent and List your House!!
Home Sales Are Not Collapsing!
5 Reasons You Shouldn’t For Sale By Owner
Attaining the American Dream: 5 Financial Reasons to Buy
3 Questions to Ask Before Buying a Home !
Why Have Interest Rates Dropped?
Thinking Of Selling? Now May Be The Time!
New Fannie Mae Appraisal Program: Helping or Hurting?
Short Sale Tax Break Signed Into Law!
U.S. Real Estate Predictions for 2015
Breaking News: Fannie and Freddie formally announce 3% Down Programs
Will Higher Interest Rates Kill HOME SALES?
Home Owners' Tough Decision, OTM, FSBO, Or List?
The REAL Reasons Americans Buy a Home
New York Times: Homeownership is Best Way To Build Wealth
4 Reasons to Buy Before Winter
Fannie Mae Agrees: Hire a Pro to Sell Your House
Top 5 Benefits of Using a Profession?al to Buy a Home
Harvard' 5 Reasons For Buying A Home
Just Listed! 1224 Manchester Ave. Norfolk, VA 23508
Debunking 4 Myths about Buying a Home
5 Reasons to Sell Before Winter
Buying a Home? Don't Let Fear Get in Your Way!
Why You Should Sell Your House Now!
Homeowners?hip: A Few Stats and Quotes
How Interest Rates Impact Family Wealth
The Two Things You Don’t Need to Hear from Your Listing Agent !
What You Don't Know About Your Credit Score... Could Cost You!
Getting A Mortgage; Why So Much Paperwork?
A ‘Soft’ Housing Market? We Beg to Differ!
Either Way You're Still Paying a Mortgage!
Why You Should Use A Local Lender
Homeownership's Impact on Net Worth
Buying A Home? You Don't Have To Do It Alone!
Buying a House? 4 Reasons to DO IT NOW
Foreclosure Inventory Down 37% over Last Year!
Where Are Mortgage Rates Headed?
How Much Downpayment Do You Really Need?
Local Hampton Roads Market Facts Ending June 22cd, 2014.
A note from Scott Rigell, U.S. Congressman Second Congressional District of Virginia; 9 Reforms for a Dysfunctional Congress
FSBOs Must Be Ready To Negotiate
Getting a Mortgage: Why SO MUCH Paperwork?
Four Demands to Make of Your Real Estate Agent
Five Reasons to Sell Now!
Create Wealth: Move Up Now!!
Should I Rent My House If I Can't Sell It??
Moving Up? Do It Now!
Difference Between a ‘White Lie’ and Lying
Does Your Credit Score Effect Your Homeowners Insurance Cost?
5 Reasons to Hire a Real Estate Professional.
Harvard: 5 Financial Reasons to Buy a Home
Homeownership: This Time the Wall Street Journal Got it Wrong
12,575 Houses Sold Yesterday!
FreddieMac?: Housing is Stronger Today
With Rates & Prices on the Rise, Do You Know the True Cost of Waiting?
"Want to Sell Your House? Price it Right!" and more
Where Prices are Headed over the Next 5 Years?
3 Reasons to Sell Your Home this Spring
March Hampton Roads Area Market Report
5 REASONS TO BUY A HOME NOW
Freddie Mac: Doubtful Rates Will Return to Recent Lows
Buying a Home Less Expensive than Renting – by 38%!
Buying a Home? How the Serenity Prayer May Help.
If I Can't Sell It Should I Rent My House?
Buying a Home: Should You Do it Now or Later?
5 Reasons to Hire a Real Estate Professional
Moving up? Do it Now Not Later!
Just Believe Your Own Eyes
More Americans Confident about Buying
Mortgage Rates Projected to Rise as Tapering Continues
Reasons to Buy a Home Now Instead of Spring
Higher minimum wage harms our most vulnerable
Be Quiet Chicken Little. The Sky is NOT Falling
The Two Things You Don’t Need to Hear from Your Listing Agent
Don’t Wait! Move Up to the Home You Always Wanted
3 Questions to Ask Before Buying a Home
Predictions for 2014: Supply Will Struggle to Keep Up with Demand
Predictions for 2014: Interest Rates Will Increase Significantly
Why Do American Families Buy a Home?
Buying a Home? Don't Let Fear Get in Your Way
Just Listed! 255 College Cross Norfolk, VA 23510
Selling Your Home During the Holidays? Now is the Time!
Knowing Your Options for the "Fixer Upper"
Home Buying for Unmarried Couples
Buying a Home? Consider COST not just Price
When Will Mortgage Rates Hit 5%?
Flood Insurance Rates about to Skyrocket?
5 Reasons to Buy A Home Now Instead of Spring
5 Reasons to Sell Before Spring
Ignoring Insurance Risks Can Be Costly
10 Hidden Hazards When Buying Foreclosur?es
Home Loans: Shopping for a Low Interest Rate
Should I Rent My House If I Can't Sell It?
Online Auctions: Future of the Housing Market?
Why You Should Sell Your House Now
10 Things To Watch Out For When Buying a Foreclosure
Taking the Spooky Feeling Out of Foreclosures
Foreclosure Improvements Held Back by Judicial States
Great Advice for Senior Sellers During Showings
The Curious Case of the Jumbo Mortgage
Local Hampton Roads Statistics as of October 10, 2013.
Flood Insurance Changes Could Affect You!
Mortgage-Relief and Foreclosure Scams
Thinking of Selling Your House? 5 Reasons to Do it Now
Just Listed! 5153 Lobaugh Drive Virginia Beach, VA 23464
Housing Inventory Making a Comeback
Pricing Your Home Can Be Tricky
The COST of a Home: Last Year, This Year & Next Year
A Message to Millennial?s for Our Future
10 Reasons to Hire a Real Estate Agent
Trulia: Housing in Third Phase of Recovery, Awaiting Fourth
14,767 Houses Sold Yesterday! Did Yours?
Economy Picks Up Steam
Housing is Helping Rebuild the American Economy
Real Estate without Freddie and Fannie
Buying or Selling a Home? Where Are Values Headed?
5 Demands to Make on Your Real Estate Agent
3 Reasons to Buy that House NOW!
A Great Place to visit!! The Military Aviation Museum!
Mortgage Interest Rates: Where Are They Headed?
Buying a Home? Don’t Let Fear Get in Your Way
Selling a house? Five Reasons To Do It Now
Shadow Inventory: Beginning to See the Light
Assumable Mortgages: Advantages to Buyer & Seller
Buying a House: The Cost If You Waited
Leadership & Courage Gave Birth To This Nation
House Sale Price: List It Right from the Beginning (From KCM)
Buying a Home? How the Serenity Prayer May Help
Senior Housing: A Call to Action! From KCM
Buying a House: Is Now the Time?
When To Buy a House? RIGHT NOW!
Housing Bubble: Is There a New One Forming?
Mortgage Rates Projected to Increase
"Short Sale Question: Who Owns the Loan?" and more
Buy or Rent: Which Makes More Sense Financiall?y?
Myths: The Earth Is Flat and Newspapers Sell Houses
Experts See Risk of a Housing Bubble Resulting from Fed Policies
How Housing Is Leading Us Out of the Great Recession
Renting ‘Round the U.S.
Lending Standards: Are They Actually Loosening?
5 Tips for First-Time Home Buyers
Different Generations See the Value in Homeownership
Impact of the California Homeowner Bill of Rights on Foreclosures
WTH(eck)!?! More Crazy Real Estate Headlines
3 Financial Reasons to Buy a Home NOW! (Part III)
3 Financial Reasons to Buy a Home NOW! (Part II)
3 Reasons to Sell Your House Today! (Part II)
3 Financial Reasons to Buy a Home NOW! (Part I)
Top 10 Remodeling Projects
What’s Up with the Housing Inventory?
1.7M Homes Moved into Positive Territory in 2012
Homeowners?hip: The Reports of Its Death…
Will Economic Uncertaint?y Derail Real Estate’s Momentum?
Housing is Back!
Real Estate: When She Speaks, We Should Listen
Housing Market in 2013: Freddie Mac’s Projection?s
RealtyTrac: Top 15 Markets to Buy Short Sales, REOs by Esther Cho
Future House Values? Simple as Supply and Demand (From KCM)
5 Reasons You Should Buy a Home NOW!
Administration Reports Improvements from Housing Market, Servicers
Are Lending Standards Loosening?
Just Listed! 3821 Vasser Drive Virginia Beach, VA 23462
Just Listed! 2912 Princeton Ave Chesapeake, VA 23325
Foreclosure Trends VERY Different in Different Markets
Less Americans in ‘Underwater’ Situation
Is Homeownership a Good FINANCIAL Decision?
FHA: More Expensive Than Expected
"Short Sales – 10 Common Myths Busted" and more
Love, Marriage & Homeowners?hip
The KCM Blog - Thinking of Buying Your Dream Home? DO IT NOW!
Inventory: Only Challenge to the Real Estate Recovery
Will 20% Soon Be the Minimum Down Payment on a Home?
Navy Federal Credit Union Ranks Among Best Companies to Work
There Are Still Some Bears Out There!
The QM Announcement and What It Means to Real Estate (From KCM blog)
Mortgage Debt Relief Act Receives Much-Needed Extension
Shadow Inventory and Its Impact on Prices
Housing: Year End Reports Reveal Market Coming Back
Five Star Economist: Housing in 2013 Depends on Many Moving Parts
The 5 Biggest Real Estate Stories of 2012
National Statistics for Existing Home Sales
Luxury Housing Market Beginning to Surge
93% of Young Adults Plan to Buy a Home
20 Beautiul Children (A poem)
Are Foreclosures Increasing or Decreasing?
House Prices: Where Are They Headed This Winter?
Homeownership as an Investment
Shadow Inventory Shrinking…?in Most Regions
Will the Mortgage Forgiveness Act Be Extended?
5 Reasons to Buy a Home Now Instead of the Spring - From KCM
Just Listed! 832 Five Forks Road Virginia Beach, VA 23455
Just Listed! 1104 Woodsmans Court Chesapeake, VA 23320
The KCM Blog - Why Waiting Until Spring to Sell May NOT Make Sense
Is It Time to Buy A Rental Property?
The KCM Blog - House Prices: Looking for the Bottom? We May Be There
Court: Insurers don’t have to pay for Chinese drywall problems
The KCM Blog - Warren Buffet Bets Big on Real Estate
Consumers More Positive on the Economy
The KCM Blog - Remarkable Teenager Buys 2nd House!
Here are the 10 Things You Need to Know About the 3.8% Tax according to the National Association of Realtors (NAR):
Shadow Inventory Down…in Most States
The KCM Blog - Housing: The Reasons It Is Coming Back
What Does QE3 Mean to Housing?
The KCM Blog - Completed Foreclosures Down…in Most States
The KCM Blog - Strategic Default: 32% Believe it’s OK
5 Reasons to sell now!
The KCM Blog - Foreclosure Challenges Migrating to Northeastern States
Why Short Sales, Foreclosures Damage Credit Similarly
The Finances of Renting vs. Buying
Let’s Not Get Carried Away with Home Price Increases
Short Sales vs Foreclosur?es: The Banks’ Preference
Just Listed! 305 26th Street Virginia Beach, VA 23451
House Prices: An Important Update
The KCM Blog - Supply & Demand and Its Impact on Housing
Should I Rent My House If I Can’t Sell It?
Can You Get Me the Best Price Available?
The Banks - Short Sale vs Foreclosure
The Real Value of Homeowners?hip…It’s Not Monetary
Short Sale Help for Military Families
Sorry for the posting delay!
Harvard University: Echo Boomers to Drive Recovery
Foreclosures: What About the Children? (Part 1)
Short Sales: The Mortgage Originators Role in the Process
News Flash: Lenders Are Busy
Buying a Home? What About Greece? The Election?
National Headlines and Local Real Estate Markets
Nearly 16M Homes Are Now Underwater
Mortgage Forgiveness Debt Relief Act: Will It Be Extended?
The KCM Blog - Harmful Effects from Changing the Listing Price?
The Lesson of Megan
The KCM Blog - Short Sale vs Foreclosure – 10 Common Myths Busted
The KCM Blog - Everybody Calm Down – The Market IS Recovering
Listen to Your Elders
Proper Planning for Your Mortgage Application
3 Questions You Must Answer When Buying a Home
Mortgages & Veterans
Will Mortgage Forgiveness Debt Relief Act Be Extended?
Real Estate: Sales Increasing. Prices – Not Yet.
6 Don’ts After You Apply For A Mortgage
Smart Advice About Your Credit
Housing Market: About to Spring Back!
National Housing Survey 2012
The 4 C’s of Mortgage Underwriting
More Affordable To Buy in 98% of Major Metros
REO to Rental Program: Its Impact on the Housing Market
Even a 14 Year-Old Knows It's Time to Buy!
Here Comes Spring!!
Negative Equity Increasing
Short Sale Success: What is an Acceptable Hardship?
Warren Buffett: It’s Time to Buy Real Estate
How the Serenity Prayer Applies To Selling a Home
House Prices: Window of Opportunity Beginning to Close
Is There a 3.8% House Sales Tax in the Health Care Bill?
Finding a Nugget of Gold Buried in the Sand
Two Things You May Have Missed
National Mortgage Settlement: What You Need To Know
Know Who You Are Working With
Do Appraisers Use Distressed Properties as Comparable?s?
What Is Suze Orman Talking About?
Who's The Quarterback?
Is It Time for Young Families to Buy a Home?
What Does Warren Buffet Think About Buying A Home?
Why Deals Die
10 Surprising Reasons You Can't Get a Home
Mortgage Predictions for 2012
Where are Prices Going in 2012?
Current Housing Opportunities in Hampton Roads 1/19/2012
A Really Powerful Real Estate Question
What the Prophet Says - Buy!
The Power of Assumability
Current Housing Opportunities in the Hampton Roads Area
People are Buying Homes AND GETTING MORTGAGES!
Comparing Real Estate to Other Investments
5 Real Estate Trends to Look for in 2012
The 5 Top Real Estate Stories in 2011
Short Sale vs Foreclosure - A short sale always wins
Best Post of 2011: For Sellers
Real Estate - Today's Golden Opportunity
How your agent markets themselves is how they'll market your home!
A Better Indicator of a Healthy Market: Liquidity
Do Subprime Concentrations Lead to Other Foreclosures?
The Proper Short Sale Application
And the Changes Keep Coming!
The Wealthy are Also Defaulting on Thier Mortgages!
Buy or Rent?
Why You Need An Expert Part II
You Need An Industry Expert In This Market
How Much Should You Put Down?
Is There a 3.8% Tax on Home Sales in the Health Care Bill?
Americans Still Believe in Home Ownership
The ship appears to be turning!
Homeownership: Reports of it's death are exaggerated.
Is It Really Time to Buy A Home?
Uncle Sam Wants You To Rent --- From Them
Underwater Refinance Program Expanded
In spite of all the negative news, there really is positive news out there!
Why do you want to buy a home?
Wall Street Journal & Forbes - It's time to buy a home Now!
A follow up to the last blog.
This Time, We are Sounding the Alarms!
Short Sale VS Foreclosure --- A Very Clear Choice!!
Good News for the Vet!!!
Selling? Waiting until spring makes no sense!
What happened to Modifications?
Home Sales; Investors are About To Return
The Window of Oportunity is Closing for Sellers
How to pick your lender & The rising tide of houses underwater
Cleaning up the Negative Media in Housing.
5 Great Reasons to Sell Your House Now
Short Sales - A Dignified Solution for Many Families
Money to Fix Up and Buy Your Home!
The impact of distressed properties on housing values.
For more affluent homesellers
Things to consider before renting a home you can't sell.
What if you could buy shoes ............?
For Sale By Owner : A No Go
Interest Rates and the Downgraded U.S. Credit Rating
More Statistics on the Way to Help the Consumer
If Pop had played it safe ........
Thank Heaven I didn't Buy Gold at $400.00 an ounce!
Distressed properties nearing the end? Probably not.
20 Percent Downpayment: The Impact
Why do people actually buy a home?
Want to sell your house? Waiting may not make sense.
October 1, 2011 Another bad day for Real Estate
Still sitting on the fence?
Top Real Estate Headlines in the First Half of 2011
Have we forgotten something?
Is your listing expiring?
Are Short Sales getting easier
Foreclosure and Short sale class
Why it's the time to Buy
Are Home Prices Headed Up or Down?
Should you rent or buy in this Market?
Money is Available - For Now!
5 Reasons for Selling Now
The Impact of Distressed Properties on Neighborhood Values
Is a Short Sale or a Foreclosure My Best Option?
Renting, A Better Option?
QRM - the other side of the arguement.
Don't believe everything you see!
March 2017 (1)
January 2017 (4)
December 2016 (1)
November 2016 (2)
August 2016 (3)
July 2016 (2)
June 2016 (1)
May 2016 (4)
April 2016 (3)
February 2016 (2)
January 2016 (1)
December 2015 (1)
November 2015 (4)
October 2015 (1)
September 2015 (2)
August 2015 (1)
July 2015 (4)
June 2015 (3)
May 2015 (8)
April 2015 (5)
March 2015 (3)
February 2015 (4)
January 2015 (8)
December 2014 (2)
November 2014 (6)
October 2014 (5)
September 2014 (3)
August 2014 (5)
July 2014 (5)
June 2014 (8)
May 2014 (6)
April 2014 (7)
March 2014 (6)
February 2014 (8)
January 2014 (4)
December 2013 (9)
November 2013 (12)
October 2013 (4)
September 2013 (8)
August 2013 (7)
July 2013 (9)
June 2013 (5)
May 2013 (9)
April 2013 (8)
March 2013 (17)
February 2013 (6)
January 2013 (8)
December 2012 (11)
November 2012 (8)
October 2012 (8)
September 2012 (5)
August 2012 (5)
July 2012 (5)
June 2012 (6)
May 2012 (6)
April 2012 (11)
March 2012 (8)
February 2012 (9)
January 2012 (14)
December 2011 (8)
November 2011 (12)
October 2011 (9)
September 2011 (8)
August 2011 (8)
July 2011 (10)
June 2011 (5)
May 2011 (5)
April 2011 (2)
March 2011 (4)
Buying a Home (11)
keeping your home and renting it (1)
Owning a home (1)
Sellin Your Home (1)
My Favorite Blogs:
Sites That Link to This Blog:
Add a new blog comment
Characters from the image above:
Your entry does not match the image, please try again.
Subscribe To My Blog
Characters from the image above:
Your entry does not match the image, please try again.