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2025 could be the last year of inventory shortage

Housing Wire

One reason that home prices have stayed elevated is that inventory nationally is still restricted. But if current trends continue, the inventory shortage will be effectively gone by next spring. In fact, while home prices are higher than a year ago, inventory has increased at the rate price appreciation has decreased.

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Rising inventory is the most positive housing market story in 2024

Housing Wire

The most positive development in the housing market over 2024 has been the increase in active housing inventory , which is approaching the levels seen in 2019. Weekly housing inventory data On Monday’s episode of the HousingWire Daily podcast , I will be discussing the 2024 year in review of the housing market.

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How have two hurricanes impacted housing inventory?

Housing Wire

Housing inventory, which saw an excellent pickup a few weeks ago, has been slowing down and last week we saw a slight decline. Has seasonality finally kicked in or did back-to-back hurricanes slow things enough to influence inventory data? Since then, inventory growth has been slowing down and even declined last week.

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Housing inventory fell last week. Have sellers called it quits?

Housing Wire

Since mid-2022 when mortgage rates headed higher , two facts have been apparent: new listings data has been trending at the lowest levels ever recorded in history and inventory has been able to grow from record low levels thanks to mortgage rates staying elevated. Weekly inventory change (Oct.

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With more inventory, where are home prices headed?

Housing Wire

While that forecast was lower than most others, it seemed achievable due to higher mortgage rates and increased inventory. Inventory is higher this year than in 2024, and mortgage rates haven’t dropped to 6%, which caused my forecast to be off last year. Unsold inventory sits at a 4.4-month higher than I predicted.

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Will home prices fall in 2025 with more inventory?

Housing Wire

As mortgage rates rose, homebuyer demand slowed and inventory grew. New listings grew 7% from the week prior Last week saw 68,000 newly listed single-family homes. As such, the pace of new listings seems to be picking up for the spring and the post-pandemic era. Today, home sales still remain super slow.

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What rising inventory means for the 2025 housing market

Housing Wire

As the year draws to a close, available unsold inventory of homes on the market is nearly 27% greater than a year ago. Ten states have more inventory unsold than in 2019, which was the last sort of normal year before the pandemic. Inventory is still very tight in places like Chicago and New England, but it is rising in these markets.

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