...factors and trends contributing to the lack of housing inventory in the U.S., with the lock-in effect functioning as one of several. For more homeowners to be incentivized to put...
Read More »Search Results for: inventory
Mortgage App Volume Falls for Third Straight Week
...potential buyers, a bit of an uptick in the nation’s housing inventory has been reported by Redfin, as nationwide, 30.6% of U.S. single-family homes for sale in Q3 were new...
Read More »Q3 New Home Construction Reaches Highest Share on Record
...up from 28.9% one year earlier and 25% two years earlier. Newly built homes have taken up a growing share of for-sale housing inventory, partly because homebuilding has increased and...
Read More »Nearly Half of All Americans Believe Now is a Bad Time to Buy
...tremendous demand and too little inventory,” says Dave Liniger, Co-Founder and Chairman of the Board of Real Estate Brokerage at RE/MAX. The lack of supply is being driven by a...
Read More »Midwest Markets Gaining More Popularity
...the top emerging markets meant that homes sold quickly, preventing the inventory build-up seen nationwide. Inventory increased an average 8% annually in the top 20 markets in the 12 months...
Read More »Homebuyer Horrors: Examining 2023’s Scariest Housing Markets
...to increase in 2024. The current for-sale inventory represents less than one year’s worth of supply, meaning this year has been tricky for many homebuyers. Point2 set out to determine...
Read More »Home Affordability Impacting Buyers Across Multiple Cohorts
According to new research from the National Association of Realtors (NAR), the current levels of home prices, mortgage rates, and inventory levels are the top reasons potential buyers across races...
Read More »How Many U.S. Regions Reported YoY Declines of Pending Home Sales?
...options amid waning existing inventory. The growth in new home sales is bolstered by an increase in single-family home construction in September, a welcomed development as more for-sale inventory can...
Read More »Continued Mortgage Rate Hikes Subduing Homebuyer Demand
...affordability remains a significant hurdle for many, and the only way to address it is lower rates and greater inventory.” Also this week, the 15-year FRM averaged 7.03%, up 11...
Read More »Average Nationwide Mortgage Payment Drops Slightly in September
...median payment applied was up $214 from one year ago, an 11% year-over-year increase. “Although there was a modest improvement in affordability last month, higher rates and low housing inventory...
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