...few homeowners are putting their homes on the market that new homes still make up a huge share of available inventory. Total inventory dropped 15% year over year to an...
Read More »Search Results for: inventory
New Building Permit Numbers Beats Expectations
...to age into their prime home-buying years and a lack of existing-home inventory means that new-home construction is essential in meeting shelter demand.” “According to the National Association of Home...
Read More »Home Purchase Mortgage Applications Remained Resilient in July
...increasing trend in the FHA share is indicative of more first-time buyers looking to new homes as an option, given the lack of for-sale inventory among existing homes and challenging...
Read More »New Market High: Home Values Rose in 68 of Top 100 Cities
...sweet time, in part because there’s so much inventory. I’m warning my sellers that it could take a few weeks to sell, even if their home is priced well.” In...
Read More »With The Right Tools, Construction Loan Opportunities Can Blossom
...With inventory at an all-time low, homebuyers are increasingly finding that their best option to get into a home is with new construction. In fact, builder confidence has started to...
Read More »Rate-Lock Activity Fell for the Second Consecutive Month in July
...peaks across many parts of the country, and no end in sight to the for-sale inventory shortage, the housing market continues to reheat," Walden continued. "It's worth noting, however, that–in...
Read More »Share of Homes Valued over $1M Shrinks YoY
...in the second quarter. The elevated mortgage rates seen at the moment are discouraging home sellers creating a “lock-in effect” that has limited inventory so severely that the few homes...
Read More »Home Values Climbed in Nearly All Major Markets From June to July
...in nearly all major U.S. markets, the typical U.S. home value climbed 0.9% from June to July. As competition remains strong, housing inventory is hitting new lows for this time...
Read More »Which Markets Defied Q2’s Home Price Bump?
...this number is down from 7% in the first quarter of 2023. "Home sales were down due to higher mortgage rates and limited inventory," said NAR Chief Economist Lawrence Yun....
Read More »Mortgage Rates Continue to Climb, Edge Closer to 7% Mark
...rates, there was a significant pullback in mortgage application activity. Both prospective buyers and sellers are feeling the squeeze of higher rates as well as low housing inventory, which has...
Read More »