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What’s Happening With the Nation’s Housing Inventory?

McKissock

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Need for New Construction. Construction Workforce Concerns. Why Is U.S.

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A closer look at housing markets across the country

Housing Wire

That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year. By the numbers, Springfield is dealing with a similar high-demand, low-inventory quandary as the rest of the country, though with lower prices.

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17 Realtors® Go Back in Time: First Year Real Estate Advice

Raleigh Realty

One of the first questions new Realtors have for me is always 'how much money will I make in my first year?' How much commissions you make in your first year as a Realtor will be entirely dependent on you and how much business you're able to generate. What is the average price of sold homes in your area?

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Listing Prices Hit Highest Median Ever

Empire Appraisal Group

Source: Listing Prices Hit Highest Median Ever | Realtor Magazine. However, economists say that buyers may soon see relief with expectations of more inventory coming that could help relieve some of the pricing pressures. Housing inventory is expected to hit positive territory year over year this summer, according to realtor.com®’s

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5 Reasons This Isn’t a Repeat of the 2008 Housing Crash

Empire Appraisal Group

It’s a valid question,” Lawrence Yun, chief economist for the National Association of REALTORS®, said Tuesday at NAR’s Real Estate Forecast Summit. Underbuilding and inventory shortages. New-home construction prior to the 2008 crash was amounting to 7.65 Are their fears well-founded? Less risky loans. million units annually.

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Lumber Prices Surge to Another Record High

Empire Appraisal Group

Source: Lumber Prices Surge to Another Record High | Realtor Magazine. Lumber price spikes are not only sidelining buyers during a period of high demand, they are causing many sales to fall through and forcing builders to put projects on hold at a time when home inventories are available at a record low,” NAHB reports.

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What to Expect from the Real Estate Market This Winter

Eppraisal

High demand and low inventory have lifted home prices nearly 20 percent over what they were in the autumn of 2020. Home Buyer Profiles The number of first-time home buyers is growing substantially , according to the National Association of Realtors. Again, good news for sellers; a headache for seekers. percent or so. ."