Remove articles housing-demand-rises-as-inventory-falls
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Why are existing home prices rising when sales are still so low?

Housing Wire

Existing home sales fell in today’s report , which isn’t surprising, but one headline that shocked some people was that home prices are still up year over year, even with higher inventory and higher mortgage rates. From NAR : The median existing home price for all housing types in March was $393,500, an increase of 4.8% All four U.S.

Inventory 491
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Why fewer homes are taking a price cut, even while inventory rises

Housing Wire

While weekly inventory is still falling, we have year-over-year growth in total active listing and new listings data. We might have an average year in housing compared to the past four years! Price-cut percentage Every year, one-third of all homes take a price cut before selling — this is a traditional housing activity.

Inventory 515
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How will mortgage rates impact seasonal inventory in 2024?

Housing Wire

How will mortgage rates impact seasonal inventory in 2024? In the last four years, we have had abnormal seasonal inventory data, meaning that the spring inventory bottom happens later in the year. This is due to demand rising late in one year, pushing through the early part of the next year and preventing inventory growth.

Inventory 517
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Housing inventory defied all predictions in 2023

Housing Wire

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. We created this weekly tracker at the end of 2022 to give people a live weekly outlook on everything that drives the housing market and which factors to follow.

Inventory 514
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Why higher rates aren’t crashing home prices

Housing Wire

Home prices aren’t crashing, despite what the housing bubble boys are saying. The housing bubble boys are a crew that from 2012 to 2019 screamed housing crash every year. Well, it’s June 9, 2023, and home prices have been firm month to month, not showing anything that resembles the housing bubble crash years.

Inventory 546
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As rising mortgage rates push buyers to the brink, sellers are starting to cut prices

Housing Wire

Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. On the one hand, there are very few homes on the market, with total inventory down 15% year over year, according to Redfin.

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How the housing market will evolve in 2023

Housing Wire

This article is part of our 2022 – 2023 Housing Market Update series. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Housing Market Update. in December 2022, its highest level since 2007 and its fastest rise in more than 40 years. Inventory What does that mean for housing?