...are moving. Overall home sales dropped 22% from a year earlier in April as elevated mortgage rates and a shortage of inventory deterred buyers. But out-of-town moves have dropped substantially...

...versus Miami, for example). Varying levels of inventory and homebuying demand also impact prices differently in different areas. Take February 2020 as a pre-pandemic comparison. At that time, most metros...

...100 based on the level of market activity in 2001 "Not all buying interests are being completed due to limited inventory," said NAR Chief Economist Lawrence Yun. "Affordability challenges certainly...

...take for the current inventory to sell at the current sales pace—was 2.6 months, up from 2 months a year earlier. Four to five months of supply is considered balanced,...

...as the proportion of the homeowner housing inventory as vacant for sale—in 2020 was 1.5%, a decrease of 0.9 percentage points from 2010, when the rate was 2.4%. All but...

...expects mortgage rates to stabilize and inventory levels to improve, which should incentivize some buyers to reenter the market.” An increase in MBA’s PAPI—indicative of declining borrower affordability conditions—means that...

...sell off their backlog of inventory by offering perks like money toward the buyer’s closing costs, gift cards and even free cars. Yet, buyers still have the upper hand in...

...low inventory is impacting sales and originations while prices remain solid for the near term. According to Freddie Mac, by all available data, the glass is half full right now:...

...for example). Varying levels of inventory and homebuying demand also impact prices differently in different areas. Take February 2020 as a pre-pandemic comparison. At that time, most metros experienced price...

...the lack of housing inventory.” The limited amount of existing inventory has breathed new life into new construction resulting in a solid gain for builder confidence in May, as the...