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How to grow housing supply in 2021

Housing Wire

For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month Keep this rule of thumb in mind for the future, below 4.3 Existing Home Supply.

Inventory 545
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Uncertain future, forgetting the past

Annarbor Appraisal

This information clearly shows a declining trend from the 2005 data down to a low point between 2009 and 2011. If prices had already started to level even with an extreme shortage of inventory, what will happen when the market unfreezes and buyers and sellers are free to move around again? What happens if it only tops 15%?

Buyers 78
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Mortgage rates continue to climb beyond 7%

Housing Wire

At today’s rate, the monthly cost to purchase a home totals about $2,400, not including property taxes and insurance, a 17% increase from a year ago. We could see monthly sales fall to 2010 or 2011 levels when the market was recovering from the free fall after the housing bubble.”

Mortgage 368
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SFR, fix-and-flip sectors are in a ‘bit of a malaise’

Housing Wire

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. in first quarter to 27.5% It remained way below the 44.6% hit in the second quarter of 2021.”

Investors 359
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CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

Between 2011 and 2019, the median household income in our area increased by about 34% but housing prices jumped 78%. ” 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 a month ago. and Seattle (1.1).