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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Housing Wire

AUGUST 1, 2023

from the previous year, according to a new report from the National Association of Realtors. Residential Real Estate report surveyed members about transactions with international clients who purchased and sold U.S. Sharply lower housing inventory in the U.S. billion, respectively, a trend that goes back to 2013.

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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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Cleveland Appraisal Blog

JANUARY 5, 2023

I’ve noticed recently that when I call real estate agents to confirm information about properties I am using in my appraisal, almost every agent answers their phone and if they don’t, even if I don’t leave a message, they call me back. Something else to watch is housing inventory. I hope you enjoy his video!

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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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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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Lamacchia Realty

JANUARY 30, 2024

2023 marked a significant chapter in real estate history, on the state level in Maine as well as nationally. 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.

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Birmingham Appraisal

FEBRUARY 13, 2024

Final Insights on Housing Statistics for Real Estate Agents We are in the last part of my Housing Statistics for Beginners series and I want to thank you for following along. Real estate professionals must grasp supply and demand statistics to accurately gauge market dynamics, ensuring they price homes competitively.

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Round Rock Appraisal

JUNE 23, 2013

Date : 6/23/2013. Real Estate Market Trends For : Teravista. 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 Grimes Blvd, South at University Blvd and West at I-35.

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Will Springer Realtor

AUGUST 11, 2023

While that may seem like a silly question to ask – especially from a residential real estate pro whose business relies on the purchase and sale of homes – it’s something I have been studying, with some eye-opening findings. also the oldest age of a first-timer ever recorded by the National Association of Realtors® (NAR).

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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

DECEMBER 10, 2023

Housing inventory is near all-time lows, but big institutional investors like Invitation Homes or BlackRock aren’t to blame. The chart below from John Burns Real Estate is another great illustration of this point. Are big Wall Street investors really buying 44% of homes this year? The answer is no — not even close.

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