Remove Buyers Remove Inventory Remove New Listings Remove Supply Chain
article thumbnail

Mortgage market affordability and inventory challenges

Housing Wire

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

Inventory 397
article thumbnail

The Forecast for the Atlanta Real Estate Market in 2024

Hank Miller Team

How can variables like local and national economic conditions, consumer debt, consumer confidence, the Fed, global supply chains, wars and conflict and a hundred other wild cards be corralled? Buyers have largely adjusted to the rates and the expectation is that the Fed will begin cutting by mid year. They cannot.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The nation’s housing market is on a correction course

Housing Wire

Housing demand weakened noticeably as growing concerns about affordability contributed to non-seasonal declines in sales, resulting in a slight increase in inventory and more moderate price appreciation,” states the Federal Reserve’s most recently released Beige Book report — based on data and reports current as of mid-July.

article thumbnail

Pending home sales drop, but there’s a silver lining

Housing Wire

And inventory shortages are the culprit. But many would-be buyers have also been thwarted by comically low resale inventory, as well as supply chain constraints and escalating materials costs that have made life difficult for homebuilders. For the fifth consecutive month , U.S. January was illustrative.

article thumbnail

Insane lumber prices mean new homes cost $24K more

Housing Wire

That drop in builder confidence is in spite of sky-high buyer demand, which hasn’t waned despite rising home prices and climbing mortgage rates – the latter up 30 basis points from February. Policymakers must address building material supply chain issues to help the economy sustain solid growth in 2021.”.

article thumbnail

Raleigh Real Estate Trends + Forecast for 2022

Raleigh Realty

Raleigh Real Estate Supply Raleigh is currently in a buyer’s market, which means there are more homes for sale than available buyers. This means buyers have more power to negotiate for lower pricing. While resale homes are spending less time on the market, there are still more homes for sale than buyers in Raleigh.

article thumbnail

Rising costs, COVID cases dip builder confidence

Housing Wire

fell to a four-month low in January as builders expressed concerns about higher house prices, COVID-related supply chain issues and construction costs. The gauge charting traffic of prospective buyers decreased five points to 68. How to gain more listing visibility in a shifting housing market.