Remove 2014 Remove Contracts Remove Inventory Remove Property Taxes
article thumbnail

How to grow housing supply in 2021

Housing Wire

For now, though, the low inventory means housing starts have legs to move higher. Existing home inventory is also at all-time lows. Existing home inventory is also at all-time lows. Unsold inventory sits at an all-time-low 2.5-month In 2013/2014, when the economic data was improving, mortgage rates rose.

Inventory 545
article thumbnail

The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

The Fiscal Policy Institute proposed the tax in 2014 , and it has been floating around Albany ever since. At the opposite end of the spectrum, the fiscally conservative Citizens Budget Commission described the tax as appealing but problematic : Gov. That article came out in 2014 right as the housing market was peaking.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

month backlogs of contract work, as of Q4 (latest data available), which is down from the peak of 4.8 new Hispanic homeowner households have joined the market since 2014, bringing the current number of Hispanic-owned homes in the U.S. Falling new inventory is constraining transaction volumes while also supporting higher home prices.

article thumbnail

CAN HOUSING SHORTAGE CATCH UP TO EASTSIDE DEMAND?

Will Springer Realtor

The spread between a 30-year and ARMs – in which rates can be adjusted typically after 5 or 7 years – is the widest since 2014. That includes 621 fewer Pending contracts in April 2022 than the previous April, as the net number of new listings remains on average lower than in years past. with annual property taxes at, gulp! , $233,383!