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Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 494
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Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 404
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IS THE HOUSING MARKET HEADED FOR A CRASH?

Will Springer Realtor

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. months’ inventory (or 17 days of supply if not replenished with new listings), and only 0.4 Then the housing bubble burst. in April).

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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

Kitsap County had the fewest number of units built per household formed between 2010 and 2020 (0.55). ” The increased number of listings and slight slow-down of the market have helped boost inventory numbers. Inventories rose in the past month across the county (0.8 >> Neilsen research shows that 11.5% a month ago.

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Signs of Inflation Expand Well Beyond Housing Prices

Will Springer Realtor

To help increase affordable housing inventory, lawmakers are reviewing whether to remove requirements that homeowners must live on-site. The inventory numbers bear that out, as each area of the county experienced a decline in available homes even while listings rose by about 42% month-to-month for all home types. STATE CAPITAL UPDATE.

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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

>> The City of Kent reported home prices increased 88% between 2010 and 2018, while incomes for homeowners rose 11% in that time. Months of inventory improved slightly from June but remain extremely low. Among single-family homes, county inventory increased to 0.6 months of inventory available compared with 0.3

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PARKING AND THE IMPACT ON CLIMATE CHANGE

Will Springer Realtor

This year’s buying and selling campaign will be marked by increasing inventory (good!), The thought that early spring would produce more, longer-lasting inventory has yet to materialize. Inventories for condos were little changed from month to month, standing at 0.6 overall, where housing inventory rose 2.4% from 44.2%