Why is the First-Time Home Buyers Market Lacking Inventory?

With the jobs market still recovering we are seeing homeowners stay in their first homes for longer periods of time. This is due to stagnant wages and outsourcing becomes more and more prevalent. 

The biggest correlation to the housing market is the jobs market. When the jobs market is booming the housing market is on fire and many "upgrade buyers" enter the market. When the jobs market is uncertain, people hold onto their first homes rather than becoming "upgrade buyers". This leads to a low amount of inventory in the first-time homeowners market. 

So how do you find a home when there's nothing on the market? 

1) Call me. 

2) Tell me exactly what you're looking for, be as specific as possible. Once I know exactly what you're looking for I can almost always find you a home off the market that suits your needs. 

As always if you have any questions, feel free to give me a call 201-403-1314. 

-Kyle Kovats, New Jersey Realtor