...report also includes the Housing Inventory Count of shelter and housing resources to serve people experiencing homelessness. The rise in homelessness at the beginning of 2023 continued a pre-pandemic trend...

...itself has nearly frozen the market due to limited available inventory. In May 2023, housing inventory across the U.S. fell to just under 1.4 million houses, the lowest since record-keeping...

...having substantial effects on the housing market, including by exacerbating the lack of for-sale inventory. "Given the current scale of the lock-in effect and the established negative relationship between this...

...the coming year? Blake Gibson: Affordability will remain a persistent challenge in 2024. While interest rates are expected to soften, limited inventory and strong demand will support price growth. Together,...

...Washington-Arlington-Alexandria, D.C., Virginia, Maryland, West Virginia "The demand for housing will recover from falling mortgage rates and rising income," Yun said. "In addition, housing inventory is expected to rise by...

...still true, homeowners are starting to feel “locked” into their homes due to the interplay of their low-rate mortgages, rising interest rates, rising home prices, and the lack of inventory....

...that fall under this “affordable” category makes up less than 28% of the national for-sale inventory. Notably, in many large urban centers, the median home price is twice what the...

...by the Federal Reserve in 2023. With the steep rise in mortgage rates, shortage of home inventory, and affordability issues, home sales declined this year to decade-low levels. That’s based...

...for a new mortgage are declining, inventory is trending back toward normal, and price cuts are becoming more common. "Despite high-cost headwinds, buyers have a few things to be thankful...

...concluded. “The lack of housing inventory is likely to remain a challenge for some time, and home purchase sentiment may continue to be suppressed as a result. As our forecast...