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Here’s how to fix the housing market inventory crisis

Housing Wire

housing market is in the midst of an inventory crisis. is hovering near record lows , caused by a pandemic-induced housing inventory death-spiral. To make homeownership a possibility for everyone, there needs to be a higher housing inventory of affordable homes. The number of homes for sale in the U.S. Presented by: Fannie Mae.

Inventory 544
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eXp Realty launches Exclusives app

Housing Wire

We are living through one of the most limited inventory periods in our lifetimes, so eXp is committed to providing as many ways as possible to create inventory and ways of selling homes for our agents and their clients.

Realty 395
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WA governor signs series of bills to address housing issues

Housing Wire

Another allows for easier accessory dwelling unit (ADU) permitting and construction within the state. The governor also signed House Bill 1074 into law, which requires landlords in the state to show documentation of damages when they withhold part of a renter’s security deposit after the tenant moves out. Democratic Sen.

Landlords 285
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The good news? The Fed doesn’t expect a recession. The bad news? Housing.

Housing Wire

million units last month , supply is mostly coming from multifamily rental construction. High rates have made affordability exceedingly challenging, and low inventory in return increased competition, especially at lower price points. With affordability challenges to persist, demand for new housing construction will follow.

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U.S. unemployment drops to six-month low of 7.9%

Housing Wire

Residential construction employment (including specialty trade contractors) posted another large increase this month, with job gains of 22,000, which Doug Duncan, chief economist at Fannie Mae , said is a welcome sign for a sector dealing with supply constraints. “For

Tenants 362
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Warehouse Space in Columbus, Ohio: 17 Actionable Steps to Find, Lease & Organize Your Next Hub

The Robert Weiler Company

Almost one-third of new warehouse space for lease is snatched up before the construction project is complete. Renters are outpacing the construction of industrial units and warehouses. Warehouse space is typically taller than office space, allowing you more vertical space to store inventory. Calculate your space requirements.

Landlords 144
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Two years of Ann Arbor market stats

Annarbor Appraisal

We certainly have a shortage of inventory, which does create pressure on acting quickly and agressively on well priced houses that are in “show-ready” condition. Simple example is taking all sales of single-family houses that are already built, not new construction or “to be built”, and arrying on a monthly basis.