Housing Market Tracker: Inventory is negative YOY
Housing inventory finally broke under 2022 levels last week. To give you an idea how different this year is from last year, last week in 2022, active listings grew 30,940… Read more »
Category: housing inventory
Bidding Wars Heating Up for Starter Homes
A new report from Zillow has found that entry-level home shoppers are dealing with faster-rising prices and more competition than those seeking more expensive homes. “Buyers shopping for the least-expensive… Read more »
August Inventory Holds Steady; Market Remains 600,000 Units Short
After posting gains this summer, for-sale inventory levels stalled in August growing at a fraction of the rate seen in recent months as sellers are more frequently choosing to remain… Read more »
Overcoming Housing’s Acute Inventory Shortage
The shortage of housing—of both the affordable and merely available variety—is a forefront issue for housing-policy decision-makers, and is at the center of many recent studies aiming to gain understanding and… Read more »
What a dismal jobs report means for the housing market
April was supposed to be the month that proved America’s economy had definitively kicked back into full gear. After all, roughly one million jobs were added in March, roughly 40%… Read more »
Why you shouldn’t worry about the drop in new home sales
Today the Census Bureau reported that in February 2021, new single-family home sales were at a seasonally adjusted annual rate of 775,000. This was a big miss from estimates. Although… Read more »
U.S. home prices rise by 4% in December
Be forewarned! Not every home in every market went up by exactly this amount! to get a better grasp of whats going on in your neighborhood contact us via the… Read more »
In 94 Percent of Major Markets, Home Prices Up
Across the country, home prices remain on an uptrend, escalating in 94 percent of major metropolitan regions, according to the latest National Association of REALTORS® quarterly report, based on findings… Read more »
Mortgage rates drop to three-month low
The average U.S. fixed rate for a 30-year mortgage fell to 3.6% this week, a three-month low. That’s 5 basis points below last week and 85 basis points below the 4.45%… Read more »
2020 Housing Market Predictions: A Snapshot
With 2020 nearing, experts and forecasters have issued many market predictions, aligning on certain points, but diverging in opinion on others. Below, RISMedia’s snapshot: Home-Building Although homebuilders maintain optimism, buyer… Read more »