Housing Wire
JUNE 6, 2023
All 12 Federal Reserve districts have seen issues with a lack of housing inventory , which is largely due to existing homeowners holding back on listing their homes after previously locking in low mortgage rates. Inventory remains exceptionally low and is restraining sales activity in much of the District.
Housing Wire
MAY 28, 2024
It’s the end of May and unsold inventory on the market is increasing across the U.S. Every state in the country has more homes on the market now than a year ago and, in many places, new construction is being completed and added to inventory, so it’s not just resale inventory that’s growing. Higher rates create more inventory.
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Housing Wire
MARCH 11, 2024
Last fall when people were still expecting mortgage rates to be falling this year, it was common to assume rates would be in the low 6s or 5s this year and people asked me if lower rates would bring a flood of inventory. The only way inventory would grow in 2024 is if mortgage rates climbed. But the evidence is the opposite.
Housing Wire
MARCH 2, 2023
Nationwide, pre-pandemic the first week of February typically marks the lowest point for housing inventory during the year, as sellers return to the market in time for spring, but since the onset of the pandemic this predictable trend has been thrown out the window. “
Housing Wire
MARCH 4, 2024
And as a result, as inventory builds , the sales growth trend shows signs of slowing. We know that these higher mortgage rates are deterring buyers, and inventory is building. Will higher rates keep a cap on inventory like it did a year ago? Inventory is up in lock step. We’re at 19% year over year inventory gains now.
Housing Wire
JANUARY 16, 2024
real estate housing market signals have been gradually building for a couple of months. The longer we stay with mortgage rates higher, the more inventory will build closer to where it used to be. Higher mortgage rates means more inventory. But as of now, rates are holding in the upper 6s and inventory is building slowly.
Housing Wire
MAY 13, 2024
Inventory is still low and that’s exactly why it’s important to target the sellers who are more likely to move. Offer your database an annual real estate check up. “Hi In fact I am even offering all my friends and clients an annual real estate check up. Perfect your process. Then choose another!
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