The extremely limited amount of existing inventory has breathed new life into new construction resulting in a solid gain for builder confidence in May, even as the industry grapples with...
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Housing Market Struggles Headed Into Peak Summer Season
...to sell, they would all benefit as buyers because they would increase the inventory of homes available and alleviate the supply shortage,” Fleming continued. “However, the risk of selling if...
Read More »Single-Family Rent Price Gains Dip YoY in March
...tenants’ budgets amid a scarce inventory of lower-cost rentals. Furthermore, while rent growth slowed to its lowest rate since February 2021, single-family rents continued to increase, and the cumulative gain...
Read More »Purchase Apps Fall to Slowest Pace in a Month
...Deputy Chief Economist. “Purchase applications decreased 5% to its slowest pace in a month, as buyers remain wary of this rate volatility, but also as for-sale inventory in many parts...
Read More »Sale-to-List-Price Ratio Stands at 98.9%
...year-over-year decreases in contract and net new listings volume. Further, net new listing volume remains below contract volume, giving no quarter to the inventory shortage. Meanwhile, listed and closed prices...
Read More »Americans Financially Stressed as Rent-to-Income Ratios Remain Elevated
...While seasonal slowness and rising multifamily inventory moderated rent growth, the number of US primary metros still experiencing higher rent burdens plummeted from 49 metros down to only five, a...
Read More »Fewer Homes Are Selling Than Usual This Spring
...slow but steady progress on easing price gains, confirms it is likely the Federal Reserve will pause on interest-rate hikes next month. Limited inventory and elevated mortgage rates continue to...
Read More »Rent Hits an Average of $1,967
...due to the lack of inventory in the housing market. Renters are also choosing to stay put due to economic uncertainty, high single-family rental costs in many markets, and inflation,...
Read More »Mortgage Rates Slide for Second Straight Week
...limited resale inventory helped to increase demand in the new home market. Single-family builder confidence in April rose one point to 45, according to the NAHB/Wells Fargo Housing Market Index....
Read More »What a Debt Ceiling Default Could Mean for the Mortgage Industry
...the market, but very low inventory in this scenario would act as a parachute, keeping prices from falling too far, too fast. Zillow forecasts that if the U.S. were to...
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