Home inventory uptick expected within 6 months

Housing Wire

Nearly 65% of homeowners planning to sell this year expect to list by the end of summer, which should provide a much-needed influx of inventory that should slow the explosive home price growth seen during the pandemic, according to a Realtor.com survey of prospective sellers.

Taking Inventory

Appraisal Buzz

The post Taking Inventory appeared first on theMReport.com. The post Taking Inventory appeared first on Appraisal Buzz. Tian Liu details what does the housing market needs to do to make the American Dream more attainable for all.

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When will housing inventory recover?

Housing Wire

The relative pressure of supply vs. demand in the housing market is gauged by the level of active inventory. Like dropping barometric pressure, plunging inventory usually foretells stormy conditions: Faster price growth and faster sales. The post When will housing inventory recover?

Housing inventory has never been lower

Housing Wire

It’s official – housing inventory in America is at a crisis level. Ever-tightening housing inventory and steady demand has resulted in median home sale prices hitting a new all-time up of $360,375, just two weeks after hitting another all-time high.

Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. So how should we look at the inventory situation? Inventory is seasonal, rising in the spring and summer and fading in the fall and winter.

Fannie Mae: Affordability fears affecting housing inventory

Housing Wire

A blog by two Fannie Mae researchers — Rachel Zimmerman, market research advisor, and Kim Betancourt, senior director of economics and multifamily research — published this week said that consumer perception around housing affordability is in part contributing to inventory constraints.

Homebuilders urge Congress to address inventory crisis

Housing Wire

The post Homebuilders urge Congress to address inventory crisis appeared first on HousingWire. Uncategorized Congress Homebuilders Homeownership Inventory Inventory crisis inventory shortage labor market Tax reform Zoning policies

Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. So how should we look at the inventory situation? Inventory is seasonal, rising in the spring and summer and fading in the fall and winter.

Housing Inventory Down 22% From Last Year

Appraisal Buzz

Despite this, the pace … The post Housing Inventory Down 22% From Last Year appeared first on theMReport.com. The post Housing Inventory Down 22% From Last Year appeared first on Appraisal Buzz.

Housing market inventory is starting to recover

Housing Wire

That’s depleting inventory across the country. “In nearly every market, 20% more inventory means 20% more home sales,” said Lawrence Yun, chief economist for the National Association of Realtors.

The ugly side of housing: low inventory

Housing Wire

After eight months of consecutive gains, the consequences of low inventory finally caught up with the housing market in February. Gradually increasing mortgage rates, heightened home prices and inventory levels at historic lows finally coalesced in February to depress in-contract deals.

Housing inventory is about to get better — here’s why

Housing Wire

The post Housing inventory is about to get better — here’s why appeared first on HousingWire. Economics Housing Market Mortgage Rates home price appreciation housing demographics housing inventory HWplus MORTGAGE RATES

Elliman Magazine Column - A Symptom of Chronic Inventory Lows: Bidding Wars Are Everywhere

Miller Samuel

Listing inventory has essentially collapsed in most U.S. In the current issue of Elliman Magazine: Spring/Summer 2022 , my column "A Symptom of Chronic Inventory Lows: Bidding Wars Are Everywhere".

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 U.S.

Top markets for affordable renovated housing inventory

Housing Wire

Renovated Inventory to the Rescue. Top Markets for Renovated Inventory. cities with at least 75 renovated property resales in the last three years, those with the most inventory of renovated homes were Chicago, Las Vegas, Jacksonville (Florida), Memphis, and Cincinnati.

Will we start 2022 with all-time lows in housing inventory?

Housing Wire

2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. We can see that inventory falling to such low levels has created unhealthy home-price growth in both 2020 and 2021.

Low inventory stifles April’s pending home sales

Housing Wire

Like new and existing sales, pending home sales felt the strain of exhausted home inventory in April ? The upper-end market is still moving sharply as inventory is more plentiful there.”. The post Low inventory stifles April’s pending home sales appeared first on HousingWire.

Existing home sales fall due to lack of housing inventory

Housing Wire

The sales for March would have been measurably higher, had there been more inventory.” ” Total housing inventory at the end of March amounted to 1.07 from February’s inventory but down 28.2%

Mortgage applications fall amid low inventory, rising rates

Housing Wire

Additionally, home price appreciation and insufficient for-sale inventory are holding back purchase activity. . However, surge in rates, home-price appreciation, and insufficient for-sale inventory is restraining purchase activity.

Zillow Reports Notable Recovery in Housing Inventory

Appraisal Buzz

Housing inventory saw significant recovery for the second straight month in June, indicating that the market may be on the road to rebalancing after a long stint of being heavily in sellers’ favor, according to the latest Zillow Real Estate Market Report.

Employment gains could help housing inventory

Housing Wire

There is a desperate lack of inventory in the housing market right now, which is driving up home prices at an unsustainably rapid pace, MBA’s senior vice president and chief economist Mike Fratantoni noted. After three months of mediocre gains , the U.S.

Will the housing inventory crisis end this year?

Housing Wire

HousingWire: Let’s start with a bang Logan, will the inventory crisis end this year? The goal for inventory is to get back to 1.52-1.93 Inventory is about to increase as it always does during this year. Back to the inventory crisis.

Q1 Registers Record-Low Amount of Inventory

Appraisal Buzz

These increases come as median single-family existing-home prices grew at a faster … The post Q1 Registers Record-Low Amount of Inventory appeared first on theMReport.com. The post Q1 Registers Record-Low Amount of Inventory appeared first on Appraisal Buzz. According to the National Association of Realtors’ latest quarterly report, Q1 of 2022 found more markets reaching double-digit annual price gains than the previous quarter.

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. Given the inventory shortage and the increase of renters turning to homeownership, Lind sees an opportunity for Acra Lending to join the fix’n’flip lender space.

Housing Inventory Plunges to Record Lows

Appraisal Buzz

Homebuyers are facing another challenging shopping season, as Zillow revealed its latest monthly report showing record-breaking low inventory, and unprecedented price growth. The post Housing Inventory Plunges to Record Lows appeared first on Appraisal Buzz.

Housing inventory slowly coming back as frenzy fades

Housing Wire

You can thank a rise in housing inventory for the gains. million in June 2020 as housing inventory has slowly improved in recent months. Total housing inventory at the end of June amounted to 1.25 from May’s inventory and down 18.8%

Homebuyers ‘Snatching Up’ New Inventory

Appraisal Buzz

“More homes were listed this summer, but they were … The post Homebuyers ‘Snatching Up’ New Inventory appeared first on theMReport.com. The post Homebuyers ‘Snatching Up’ New Inventory appeared first on Appraisal Buzz.

Housing Inventory Hit Record Lows in January

Appraisal Buzz

We believe that the inventory crunch will ease in the summer as rates rise but may not go away in. The post Housing Inventory Hit Record Lows in January appeared first on Appraisal Buzz.

Listing Inventory Trends In The Time Of COVID

Miller Samuel

I created a chart for the publication which compares month listing inventory trends across a number of the markets we cover for Douglas Elliman. The Winter 2022 issue of Elliman Magazine was published this week and it is quite a beautiful publication.

Rental Inventory Remains Scarce Amid Price Surge

Appraisal Buzz

On a monthly basis, rent prices ended the year with a 12% annual increase in December 2021, … The post Rental Inventory Remains Scarce Amid Price Surge appeared first on theMReport.com. The post Rental Inventory Remains Scarce Amid Price Surge appeared first on Appraisal Buzz.

Quick Acting Homebuyers Further Constricting Inventory

Appraisal Buzz

The post Quick Acting Homebuyers Further Constricting Inventory appeared first on theMReport.com. The post Quick Acting Homebuyers Further Constricting Inventory appeared first on Appraisal Buzz.

Supply Concerns Shun Inventory

Appraisal Buzz

One full year into the pandemic finds housing inventory dropping nearly 33% year-over-year, with the rising price of building materials impacting listings. The post Supply Concerns Shun Inventory appeared first on DSNews. The post Supply Concerns Shun Inventory appeared first on Appraisal Buzz. Around The Web

Why aren’t builders creating more housing inventory?

Housing Wire

The post Why aren’t builders creating more housing inventory? Today, the U.S. Census Bureau reported that housing starts hit 1,534,000 for July, missing estimates. Permits, on the other hand, beat estimates, coming in at a seasonally adjusted rate of 1,635,000.

Low mortgage rates and low inventory resulted in more bidding wars in July, Redfin says

Housing Wire

As mortgage rates and housing inventory continue to hit record lows, potential homebuyers face an increasingly competitive environment. The post Low mortgage rates and low inventory resulted in more bidding wars in July, Redfin says appeared first on HousingWire.

Even with low inventory, expect a strong 2021 housing market

Housing Wire

Even prior to the pandemic , housing inventory had hit record lows, and the problem has only gotten worse as demand continues to rise. Homesnap said this trend could further drain inventory as 2021 approaches.

For Sale Inventory Drops to New Low

Appraisal Buzz

This lack of the nation’s housing inventory sent the median sale price up 15% to $383,100. November marked the 16th consecutive month of double-digit price gains, and so far in December, there … The post For Sale Inventory Drops to New Low appeared first on DSNews.

Inventory, Softening Demand Cooling Pace of Home Sales

Appraisal Buzz

Inventory improvements were led by increases in the share of mid-sized homes, meaning more listings may be available to families looking … The post Inventory, Softening Demand Cooling Pace of Home Sales appeared first on DSNews. The post Inventory, Softening Demand Cooling Pace of Home Sales appeared first on Appraisal Buzz. According to the Realtor.com Monthly Housing Trends Report, new data suggests that the U.S.

Continued Low Inventory Forces Uptick in Sales

Appraisal Buzz

The post Continued Low Inventory Forces Uptick in Sales appeared first on theMReport.com. The post Continued Low Inventory Forces Uptick in Sales appeared first on Appraisal Buzz.

Price Gains, Low Inventory Fuels Homebuyer Competition

Appraisal Buzz

The post Price Gains, Low Inventory Fuels Homebuyer Competition appeared first on theMReport.com. The post Price Gains, Low Inventory Fuels Homebuyer Competition appeared first on Appraisal Buzz. Economic uncertainty is sparking a rush of homebuyers snagging homes off the market faster than any other February, as home prices accelerate, and competition reaches a new high. Around The Web

Housing inventory is down 40%. Buyers are paying the price

Housing Wire

Prices are up sharply as housing inventory continues to plateau , leaving 40% fewer homes on the market compared to last year, according to a report prepared by Black Knight. Housing affordability is at its lowest point since 2019 as a result of low inventory and high prices.