...during the pandemic. The high home prices, fueled by a lack of inventory and rising mortgage rates, have pushed the typical homebuyer’s monthly payment to a record $2,656. Daily mortgage...

...basis,” said Joel Kan, MBA’s VP and Deputy Chief Economist. “With existing inventory still held back by homeowners, prospective buyers have turned to newly built homes instead. Rising mortgage rates...

...as builders continue to benefit from the lack of existing-home inventory. Kushi continued by saying: “U.S. housing starts in June came in below expectations at a seasonally adjusted annual rate...

...lowest annual level since 2009, this is not due to lack of demand. Rather, the ongoing lack of inventory, the extent of which exceeded the ESR Group’s earlier expectations, has...

...already low inventory levels. Finally, 2022's soaring mortgage rates—average rates nearly doubled from January to June—exacerbated the shortage by handcuffing homeowners to their comparatively low rates. “The quick increase in...

Rising home values and lack of housing inventory can quickly transition a reasonable housing market into expensive metros like the San Francisco Bay Area and New York City. While the...

...record-low inventory," said Jeff Tucker, Senior Economist at Zillow. "Demand typically begins to ease in the summer, and there are signs that competition is waning, but large price declines are...

...who would otherwise move. A lot of homeowners might have a low rate, but what they’re complaining about is available inventory. More new construction and more people listing their homes...

...of today’s major homebuying challenges—high monthly housing payments and low inventory—any decline is welcome news for buyers. But even though rates will come down slightly, they’ll likely remain well above...

...housing costs, which account for a large share of inflation, remain stubbornly high, mainly due to low inventory relative to demand.” The U.S. Bureau of Labor Statistics (BLS) reported yesterday...