Thursday, April 25, 2024 | The Latest Buzz for the Appraisal Industry

Housing Inventory Hit Record Lows in January

Fewer homes than ever were for sale in January, but homebuyers snapped up what they could before mortgage rates rose further, according to a Redfin. Seasonally adjusted new listings fell 12.4% month over month, bringing the number of homes for sale down 2.6% to a record low. But demand persisted, and sales rose 7.5%.

“We believe that the inventory crunch will ease in the summer as rates rise but may not go away in

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