...for-sale inventory remains a challenge for many homebuyers. Refinance activity jumped 10% to its highest levels since September 2022, although there is only a small pool of borrowers who can...
Read More »Search Results for: inventory
Homebuyers Remain Optimistic Despite Challenging Market Conditions
Higher home prices and low inventory aren't deterring the youngest generations from seeking homeownership, according to a new survey report from ServiceLink that revealed generational trends among recent homebuyers, their...
Read More »Sales on the Rise as Market Remains in Sellers’ Favor
...growth and pending sales. The housing market has tilted firmly back in favor of sellers, as steady demand met scarce inventory to drive up home values, according to the latest...
Read More »Credit Availability for Mortgages on the Decline
...mortgage rates and reduced credit availability, the lack of for-sale inventory continues to be the biggest hurdle to more home purchase growth this year.” The MCAI fell by 0.9% to...
Read More »Low Inventories Creating Home Price Sensitivity
...in 10 markets (31%; 68 of 221) experienced home price declines in the first quarter. "Due to the intense housing inventory shortage, multiple offers are returning, especially on affordable homes,"...
Read More »Here’s What Drove Rental Demand in Q1
...rates in rental inventory out of any regions in the U.S. In addition, rental properties in Southern states also experienced the highest growth rates for how long they stayed on...
Read More »Homebuyers Feel More Confident in Their Ability to Purchase Homes
...be impacting perception,” said Matt Vernon, head of retail lending at Bank of America. “And low inventory is still creating a highly competitive environment. Homebuyers are doing the right thing...
Read More »Rate Lock Volumes Take a Hit
...homebuyers waiting on the sidelines for more favorable rates before locking.” “We saw a similar phenomenon on the rate dips in March. Inventory challenges are surely playing a role as...
Read More »Cracks in the Foundation?
...not result in a spike in sales, as NAR reported the market was still hamstrung by inventory concerns. Total housing inventory registered at the end of March 2023 was 980,000...
Read More »30-Year Mortgage Stands at 6.39%
...with prices and rates so high and inventory so low, she couldn’t find another home she could afford. She wouldn’t even qualify to buy her own home anymore.” The number...
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