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Housing Market Tracker: Inventory falls even lower

Housing Wire

The seasonal housing inventory bottom evaded us again last week as active listings fell and new listing inventory decreased. Here’s a quick rundown of the last week: Active inventory fell 5,383 last week, and new listing data is still trending at all-time lows in 2023. The answer is no!

Inventory 538
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With low inventory, house hunters are in full safari mode

Housing Wire

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

Inventory 466
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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
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How fix’n’flip loans could help expand housing inventory

Housing Wire

One issue is that among the low inventory, there are even fewer homes that are move-in ready, said Keith Lind, executive chairman and president of Acra Lending. “We We actually have a lower inventory of homes that people really want to live in turnkey,” Lind said.

Inventory 339
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NAR magazine devotes space to reverse mortgages and seniors

Housing Wire

Despite mentioning that a reverse mortgage can be used for the purchase of a new home, much of this article seems designed to introduce real estate agents to the concept of the H4P product. Boomers are said to be one reason inventory has been in short supply and the housing market has been frozen.”

Mortgage 441
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What’s influencing the increase in REO acquisitions?

Housing Wire

The good news for homeowners is that home values in most areas remain stable, and inventory levels for homebuyers are still low. MC: The demand for REO assets remains strong, with inflows and overall REO inventory levels remaining significantly less than post-Q1 2020 inventories.

Inventory 409
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HousingWire Magazine: October/November Supplement

Housing Wire

Rates have been high, inventory has been low and purchase applications have been down. Take a look and consider your options — from ways to improve your eClosing strategy to software to streamline your appraisal management, the products featured in this supplement are designed to meet specific needs across the housing industry.

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