All articles tagged with #inventory
July existing single-family home sales fell 1.9% to a 3.69 million annual pace, pushing the market deeper into a slump as inventory rose to 4.6 months—the highest since 2016—while condo supply reached a 14-year high. Mortgage rates sit around 6.69% amid persistent inflation, dampening demand even as the national median price rose 1.9% year over year to $440,300 and regional prices showed wide variation.
Pokopia’s major free update adds a shared storage unit (up to 140 items) accessible from anywhere, easing cross‑region inventory chaos, while the paid Bubbly Basin DLC brings a new region and Pokémon Wiglett/Mareanie; the underwater Dive ability arrives for all players on August 5.
Cash-strapped buyers are flocking to Erie, Pennsylvania—the Lake Erie city ranked No. 2 on Realtor.com’s June 2026 hottest markets—driven by a median listing price of $239,000, inventory down about 74% from 2019, and homes selling in 29 days. Its affordability plus proximity to Cleveland, Pittsburgh and Buffalo, plus a diversified economy anchored by Erie Insurance, are drawing buyers from outside the region, with experts warning prices may rise as mortgage rates fall.
US existing-home sales fell 2.4% in June to 4.09 million (SA), with inventory at 1.56 million (down 0.6% MoM, up 1.3% YoY) for about a 4.6‑month supply. The median price reached a record $440,600, up 1.8% YoY. All-cash buyers accounted for about 25% of sales (down from 29% a year ago), while first-time buyers were 33% of transactions. Activity remains strongest at the higher end, with regional declines elsewhere except the Northeast. Analysts say limited inventory and high mortgage rates keep prices elevated, even as job gains support demand.
CNBC’s Q2 Housing Market Survey shows more agents (44%) report a balanced market, up from 30% a year earlier, signaling buyers and sellers are regaining leverage amid higher supply and easing prices. Price cuts dropped (57% vs 89%), but prices remain about 1% higher YoY; June asking prices fell 2.5% YoY. Contract cancellations declined to 40%. Mortgage rates fluctuated, with the 30-year fixed peaking near 6.75% in May and hovering around 6.6% since, while inventory rose to about 1.1 million listings. Overall optimism wanes: 19% expect sales to improve, 67% expect them to stay the same, with significant local variation and a push toward hyper-local data.
GM posted about 715,000 US vehicle sales in Q2, down 4.2% from a year earlier, blaming discontinued models and a steep EV slump after the federal tax credit expiry; EVs fell sharply (Equinox EV, Blazer EV, Hummer EV, Lyriq), while gas‑powered trucks and SUVs carried the quarter (Sierra up 5% to ~95k, Silverado roughly flat, Traverse/Trailblazer/Canyon rising). GM maintains EV share around 13.5–14% and leadership in full‑size pickups/SUVs, aided by tight inventories and disciplined pricing, ending the period with about 511,000 vehicles in dealer stock (~55 days) and average transaction prices above $52,400.
A comically tiny 1-bedroom, 1-bath home in Bogota, NJ is listed for $499,000 amid Bergen County’s extremely low inventory, with experts suggesting buyers may pay for the address and a quick NYC commute rather than size. Built in 2023 with modern finishes and no HOA, the abode is marketed as a turnkey option for first-time buyers or downsizers, leveraging location over square footage in a market where scarcity is driving prices.
May data from the National Association of REALTORS® show existing-home sales up 3.2% month-over-month and year-over-year to a seasonally adjusted annual rate of 4.17 million; gains occurred in the Northeast, Midwest, and South, while the West was unchanged. Inventory rose to 1.55 million homes (about 4.5 months’ supply), and the median price reached $429,300, up 1.3% from a year ago. The Housing Affordability Index was 105.6, with mortgage rates at about 6.44% in May. First-time buyers accounted for 35% of sales, cash buyers 25%, and investors 14%; 29 days was the median time on market. The report cites improving affordability and ongoing supply constraints as key drivers.
May existing-home sales rose 3.2% month-over-month and year-over-year to a 4.17 million seasonally adjusted annual rate, with inventory at 1.55 million (4.5 months). The median price climbed 1.3% year over year to $429,300, affordability improved, mortgage rates averaged 6.44%, and gains occurred in the Northeast, Midwest, and South (West unchanged). First-time buyers reached 35% of buyers.
Existing home sales rose 3.2% in May to a 4.17 million annualized pace, the strongest since December, with inventory up 3.3% to 1.55 million and the median price at $429,300. The gain followed a downshift in mortgage rates in April that helped affordability, with first-time buyers at 35% of sales, higher-end homes remaining buoyant, and roughly a quarter of deals paid in cash. The market remains tight at about 4.5 months of supply, and foreclosures/underwater sales stayed around 1%, signaling solid homeowner finances.
Exxon Mobil is reportedly approaching unprecedented inventory levels as disruptions from Iran’s actions block oil trade through the Strait of Hormuz, with negotiators seeking a reopening that could alleviate supply strains and affect global oil markets.
Apple has reduced the price of its iPhone Air due to weak demand and rising inventory, signaling a strategic move to boost sales in the premium smartphone segment amid stiff competition and new iPhone lineups.
NAR reports April existing-home sales rose 0.2% month-over-month to a seasonally adjusted annual rate of 4.02 million, with inventory up 5.8% to 1.47 million (about 4.4 months’ supply). Sales were flat year-over-year, while the median price increased 0.9% to $417,700. The Housing Affordability Index stood at 110.6 and affordability improved across regions. Mortgage rates averaged 6.33% in April. Regional detail shows Midwest and South up, Northeast unchanged, and West down, with second-home purchases contributing to demand.
U.S. existing-home sales in April rose just 0.2% to 4.02 million (SAAR), missing forecasts and flat vs. a year ago. Inventory climbed 5.8% from March to a 4.4‑month supply but remains tight. The median home price was $417,700, up 0.9% year over year—the highest April price on record. Mortgage rates surged into about 6.4% this week after being in the high 5% range, weighing on buyers. Days on market rose to 32, and first-time buyers accounted for 33% of sales, with all-cash purchases at 25%.
Lucid paused its 2026 production guidance as new CEO Silvio Napoli audits the business, citing a mismatch between output and demand. In Q1, 5,500 cars were built but only 3,093 delivered, leaving roughly 2,400 in inventory and driving total inventory to about $1.47 billion. Revenue rose 20% year over year to $282.5 million but missed expectations of about $440 million, while net loss topped $1 billion and free cash burn ran about $1.44 billion. The Saudi PIF remains a funding lifeline through late 2027 as Lucid pursues cost discipline and a tighter investment plan.