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Mortgage market affordability and inventory challenges

Housing Wire

It was no surprise that affordability hit the top of the list in every interview. Black Knight reported that May was the least affordable housing market in 16 years. For the first time in three years, we have seen an increase in homes on the market and price reductions. To view the complete research, click here.

Inventory 397
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CITIES FACE DAUNTING OFFICE-VACANCY CHALLENGE

Will Springer Realtor

We certainly see that in all forms of residential real estate – from new construction to finding items for the home. The brighter news is that labor shortages and supply-chain disruptions are improving but it’s hardly “back to normal.” New single-family-home listings rose 3.8%

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Will Springer Realtor - Untitled Article

Will Springer Realtor

Some might argue the cold is emanating from the near-frigid Q4 real estate market, knocking the bloom straight off the housing-market rose in our region. The county saw a 33% drop in new listings and a 15% decline in active homes for sale since October. of a tastefully designed home on one-third acre.