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Days on market grow despite low inventory for existing homes

Housing Wire

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. Seasonal impacts are the norm with housing, and new listing data is negative 6% year to date.

Inventory 464
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U.S. Housing Market Collapse? Nowhere in Sight

Empire Appraisal Group

Nowhere in Sight | Florida Realtors. The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom. NEW YORK – The rock-hard foundation of the U.S. The number of home listings remains low nationally. Nowhere in Sight.

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2023 Maine Year in Review

Lamacchia Realty

If we were to pinpoint the standout factor, it would be the remarkably low number of homes listed, the lowest in over two decades. 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. Maine Sales Decreased by 18.9%

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HOME BUYERS FACING ‘TRIPLE-WHAMMY’ EFFECT

Will Springer Realtor

People are looking at higher prices, there’s slim pickings in inventory and now we have higher mortgage rates.”. The House version, HB 1782 , is backed by developer and Realtor® lobbyists, Habitat for Humanity and environmental groups, according to The Seattle Times. Inventory remains a big concern. home buyers. There are 0.4

Buyers 36
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IN DIRE NEED OF GENERATIONAL RESPONSE TO HOUSING SHORTFALL

Will Springer Realtor

annually between 1968 and 2000 but has since dropped to an average rate of 0.7% There is a strong desire for homeownership across this country, but the lack of supply is preventing too many Americans from achieving that dream,” said Lawrence Yun, chief economist for the National Association of Realtors® (NAR). million to 6.8

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

“We envision a country where no matter where you live, or who you are, you can enjoy living in a place that is healthy, prosperous and resilient,” Calvin Gladney, CEO of Smart Growth America, told a group of Realtors® in D.C. were flipped in Q1, the lowest level since 2000, according to ATTOM. HOUSING FOR ALL. Looking for selection?

Buyers 36