Housing Wire
AUGUST 10, 2022
One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. One thing that I have stressed is that higher mortgage rates can create a slowdown in demand and thus allow more inventory to accumulate through a weakness in demand. million to 1.93
Housing Wire
MARCH 18, 2022
The National Association of Realtors reported that existing home sales for February came in as a miss of estimates at 6.02 Inventory has broken to all-time lows, but it doesn’t look like the year-over-year data will be positive at all this year unless demand softens up. NAR Research : Unsold inventory sits at a 1.7-month
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Housing Wire
JUNE 21, 2022
The National Association of Realtors (NAR) reported that existing home sales for April came in at 5.41 Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened.
Housing Wire
FEBRUARY 19, 2024
A panel of experts speaking at a recent California Association of Realtors (CAR) leadership conference laid out the scope of the problem — and some potential solutions being offered at the federal, state and local level. California [has been] the most inventory-constrained market for years.” What’s the solution?
Housing Wire
JULY 24, 2023
Last week the National Association of Realtors (NAR) reported that existing home sales declined in June to an annual rate of 4.2 Inventory There are now 479,000 single-family homes on the market across the U.S. Each year, housing inventory typically peaks in the third quarter. This year is not a slowdown year.
Housing Wire
SEPTEMBER 30, 2020
. “According to the Survey of Consumer Finances (SCF), in 2016, non-Hispanic White households held $8.30 The National Association of Realtors saw the median home price jump 8.5% in August year-over-year, however Fannie Mae economists expect single-family housing starts to rise to 933,000 this year to combat inventory pressures.
Housing Wire
MAY 20, 2022
According to the Hilton Head Area Association of Realtors , the median home sale price jumped 15.3% This rapid increase in prices, coupled with local housing inventory dropping over 50% in 2021, has meant times are tough for buyers looking to settle in Bluffton. Low inventory is yet another issue. in 2021 to $330,745. “It
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