4 ways to capitalize on shift to seller's market 

Some see signs of the next housing shortage

By Bernice Ross, Thursday, May 3, 2012.

Inman News®

Rainbow of houses image via Shutterstock.

It's spring selling season and good news is popping up like wildflowers in many places. The rocky bottom may be behind us with a new challenge ahead: a seller's market with higher prices and not enough inventory.
"A seller's market? Are you serious?" the naysayers will say. "NAR just announced that prices declined again and that the current sales pace puts us on track for doing about 4.93 million home sales in 2012. That's less than the typical 5 million home sales that constitutes an average year."