Housing Wire

APRIL 11, 2022

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?

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Housing Wire

MARCH 29, 2022

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?

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Lamacchia Realty

JANUARY 30, 2024

This scarcity in inventory had the effect of keeping prices high, but there was a substantial decrease in sales, approximately 19%, leaving prospective buyers eager. This resilience is more attributable to the reduction in inventory rather than a decline in sales. Maine Sales Decreased by 18.9%

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Clear Capital

AUGUST 30, 2021

Note that due to unprecedented conditions in spring 2020 (due to COVID restrictions) and tight inventory in spring 2021, the year-over-year numbers based upon paired sales in certain rapidly-rising markets (like Phoenix) may be overstated. Fortunately, we do have some history to point to — the taper tantrum of 2013.

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Birmingham Appraisal

FEBRUARY 13, 2024

Understanding these metrics enables agents to adjust pricing strategies based on inventory levels and buyer demand, optimizing the chances of selling a property quickly and at the best possible price. In the second post of my series , we covered average and median sold prices, average days on the market, and months of inventory.

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Housing Wire

AUGUST 1, 2023

from the previous year, according to a new report from the National Association of Realtors. Sharply lower housing inventory in the U.S. billion, respectively, a trend that goes back to 2013. Foreign buyers purchased $53.3 billion worth of U.S. existing homes from April 2022 through March 2023, down 9.6% from the prior year.

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Housing Wire

MARCH 8, 2024

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At We are still going to suffer from lack of inventory.”

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Housing Wire

AUGUST 17, 2020

The California housing market is making a slow recovery from the COVID-19 fallout as many are fleeing the state for more space inland.However, the number of homes sold in the Golden State reached its highest level in over two and a half years in July, according to the California Association of Realtors and the median home price set a new record.

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Housing Wire

OCTOBER 21, 2022

On Thursday the National Association of Realtors reported that we had a 23.8% year-over-year decline in existing home sales in September and total inventory has now fallen on back-to-back reports. I prefer a housing market with 2019 total inventory levels, and we aren’t there yet. Once we reach a range of 1.52-1.93

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Housing Wire

MARCH 23, 2021

to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S. While some economists pointed to harsh weather as a likely deterrent of February home sales, others noted the plague of rising home prices, limited inventory and the uptick in mortgage rates.

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Round Rock Appraisal

JUNE 23, 2013

Date : 6/23/2013. Inventory and Sales : The neighborhood is currently experiencing quite a boom with sales up 55% over the last year. homes per month, this puts inventory levels right around 6.8 This report was created utilizing data from the Austin MLS system, as input by local Austin Realtors.

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Will Springer Realtor

APRIL 11, 2022

Parking stalls in the Puget Sound region increased by 13% from 2013 to 2018, while the population increased by 9% and housing rose by only 6%, according to local data sources. This year’s buying and selling campaign will be marked by increasing inventory (good!), overall, where housing inventory rose 2.4% months in King, 1.0

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Housing Wire

AUGUST 23, 2022

The housing market is in a recession, something that the homebuilders and the National Association of Realtors now agree with me on, as this recent CNBC clip shows. The builders are in a better position to manage their inventory glut than when they were working from a credit boom in 2005 that took new home sales up to 1.4

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Will Springer Realtor

AUGUST 11, 2023

First, let’s set the scene: Housing inventory is shrinking year to year in most parts of the country and there are no signs of significant replenishment over the horizon. also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR). homes shy of what’s needed today. The report found that 91.3K

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Housing Wire

MARCH 8, 2021

According to National Association of Realtors data, there was only 1.9 Newly built housing inventory is rising, up to about four months supply at the current strong pace. Given the lack of inventory on the market, we will be watching the pace of home construction particularly closely this year. Exhibit 2 — click to enlarge.

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Housing Wire

JUNE 25, 2021

Department of Housing and Urban Development published a proposal to the Federal Register on Friday that would rescind the department’s 2020 disparate impact rule and restore the 2013 discriminatory effects rule. The post HUD plans to restore 2013 version of discrimination rule appeared first on HousingWire.

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Housing Wire

DECEMBER 10, 2023

Housing inventory is near all-time lows, but big institutional investors like Invitation Homes or BlackRock aren’t to blame. Since then, Gen Xers and Baby Boomers have once again come out on top, according to the National Association of Realtors. Are big Wall Street investors really buying 44% of homes this year?

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