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Home Inventory

All articles tagged with #home inventory

real-estate2 years ago•2 min saved

"Signs of Relief: Housing Shortage Begins to Ease"

The housing shortage in the US is showing signs of easing as the number of homes for sale increased for the second consecutive month in December, with the South experiencing the most significant surge in inventory. However, inventory levels remain significantly lower than pre-pandemic levels, contributing to persistently high home prices despite a slight retreat in mortgage rates. The shortage initially stemmed from the surge in mortgage rates, which led many sellers with low pre-pandemic rates to hold off on selling, limiting options for potential buyers.

via Fox Business|

#home-inventory #housing-affordability #housing-shortage

real-estate2 years ago•3 min saved

2024 Housing Market Predictions: Affordability Improving, More Options for Buyers

Zillow economists predict that the US housing market in 2024 will see more homes listed for sale as homeowners lose patience waiting for mortgage rates to fall, potentially leading to greater housing supply. While home prices may not decrease, the rate of growth is expected to level off, providing Americans with some relief. Demand for single-family rentals is expected to increase as families seek affordable options, and more markets across the country are likely to reflect growing rental demand in downtown centers. With fewer options, buyers may face less competition from flippers, but will still need to invest in DIY home improvements. Additionally, advancements in artificial intelligence are expected to streamline the home-shopping and home-selling experience, benefiting both real estate agents and home shoppers.

via Markets Insider|

#affordability #home-inventory #predictions

real-estate3 years ago•3 min saved

Navigating the Unprecedented Challenges of the Housing Market

The housing market in the US is currently extremely challenging for buyers, with record-high monthly mortgage payments and a shortage of homes for sale. Home listings and homebuyer demand have both declined significantly compared to last year. Redfin's data shows that homebuyer housing payments are up 13.9% year-over-year, while their Homebuyer Demand Index is down 9% annually. Active listings of homes have tumbled 17% compared to last year, and new listings are down 7.1% year-over-year. These charts highlight the difficulties faced by buyers in the current housing market.

via Markets Insider|

#affordability #home-inventory #homebuyers

real-estate3 years ago•2 min saved

US Housing Market: Fewer Homes Selling Fast Amidst Recession and Low Mortgage Rates

The US housing market has 39% fewer homes for sale compared to pre-pandemic levels, with a 6% YoY drop in the four weeks leading up to June 11, marking the largest decline in 13 months, according to Redfin. Homeowners are holding onto low mortgage rates, discouraging them from selling or moving, and new home listings fell 23%, the 10th consecutive month of double-digit declines. High mortgage rates are expected to keep inventory tight, and the lack of options for buyers could mean the home-price bubble will keep growing.

via Markets Insider|

#home-inventory #home-prices #homebuyers

real-estate3 years ago•2 min saved

Housing Market Faces Uncertainty Amidst Supply Shortage and Mortgage Rates.

Housing inventory is falling in some parts of the US, while surging in others, due to high mortgage rates. Home inventory fell in 21 out of 50 of the largest metropolitan cities last month, with San Jose, California seeing the steepest decline. However, the Southern US has seen a surge in housing activity due to increased affordability, with active listings in the region jumping 54% in May compared to last year. The divide has largely been created by high mortgage rates, which have spurred housing activity in more affordable areas of the US.

via Markets Insider|

#affordability #home-inventory #housing-market