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What’s The Leaven Causing Home Prices to Rise Today?

Cleveland Appraisal Blog

It is interesting that inventory levels were increasing rapidly in the years leading up to 2008. 30-Year Fixed Mortgage Rates from 2000 to today. Before the pandemic, there was already a shortage of housing inventory in many parts of the country, including in Northeast Ohio. Months of Housing Inventory Historically.

Inventory 243
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How do you solve the California housing crisis?

Housing Wire

That represents a serious downtrend from a 50% homeownership rate in 2000. In 2000, CAR estimated that the state would need about 250,000 new units a year to keep up with demand. California [has been] the most inventory-constrained market for years.” What’s the solution? million units behind.

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US housing market is short 5.5 million homes, NAR says

Housing Wire

The NAR is calling for a “major national commitment” to build more housing of all types by expanding resources, addressing barriers to new development and making new housing construction an integral part of a national infrastructure strategy. From 1968 to 2000, the total stock of U.S. In the past 20 years, the U.S.

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DataDigest: What the latest data says about home prices, construction and sales

Housing Wire

Census Bureau and the Department of Housing and Urban Development. The index, which pegs January 2000 at 100, reached a seasonally adjusted all-time high of 311.175 in September as tight inventory continues to keep prices elevated. The figure – up 17.7%

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Higher rates flip the homebuilders’ fortunes (again)

Housing Wire

Census Bureau and the Department of Housing and Urban Development. As we can see in the chart below, we are still below the recession levels of 2000 and really trending at 1996 levels. Homebuilders’ for-sale inventory and months’ supply The seasonally-adjusted estimate of new houses for sale at the end of January was 439,000.

Inventory 485
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New home sales beats estimates, but what does it mean?

Housing Wire

Census Bureau and the Department of Housing and Urban Development. As you can see below, new home sales are still below the 2000 recession level, and we just had a significant spike in mortgage rates too. Census: For Sale Inventory and Months’ Supply The seasonally?adjusted This is 10.7 percent (±18.9 percent (±22.0

Inventory 466
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New home sales make it clear: Housing is in a recession

Housing Wire

Census Bureau and the Department of Housing and Urban Development. At today’s level of 590,000 homes , the builders are in a different spot to deal with their inventory issues because they haven’t had a credit sales boom as we saw from 2002-2005. We are easily below the 2000 recession levels and back to 1996 levels in demand.