...sidelines until more for-sale inventory becomes available.” Affordability hurdles remain, despite the dip in rates and rise in apps, as low inventory and high prices are keeping many on the...
Read More »Search Results for: inventory
National Median Home Prices Continue to Rise in Q3
...to consider cutting interest rates," Yun added. "In turn, Congress must consider incentives to boost housing supply and inventory so that more Americans can participate in wealth accumulation. The housing...
Read More »How Do Younger Generations Feel About Homeownership?
...they want one. Inventory continues to be an issue; 77% of respondents say that housing options in their price range are limited where they want to live and 48% of...
Read More »Purchase-Mortgage Apps Dropped Below Pre-Pandemic Levels in October
...its lowest in 17 years, due to an inability to identify and effectively market to those most likely to transact in this market. “Historically tight inventory levels have been further...
Read More »Luxury Home Prices on the Rise in Q3
...inventory, the total supply of luxury homes for sale (active listings) grew 2.9% from a year earlier in Q3, compared with a record 20.8% decline in the supply of non-luxury...
Read More »Bad News on the Home Inventory Front
...Low inventory has done anything but help the situation. Listing volume still lags far behind contract volume; also notable is the fact that HouseCanary predicts that inventory has probably peaked...
Read More »Greater Share of Home Sellers Dropping Asking Prices
...Redfin Premier Agent Patrick Beringer. “While low inventory is driving some competition and relatively affordable homes in popular neighborhoods are still selling fast, they’re getting two or three offers as...
Read More »Unseasonable Increase in October Home Inventory
Amid a larger inventory drought and increasing mortgage rates, Realtor.com reported that October home prices held steady from the previous month as the number of homes actively for sale shrank...
Read More »Mortgage Rates Dip as Fed Continues ‘Wait and See’ Approach
...level since 1995, and refinance applications to their lowest point since January 2023. “Mortgage applications declined for the third consecutive week as low inventory and high rates continue to stifle...
Read More »New Home Construction Projected to Surge in 2024
...as a guest house, courtesy of The Plan Collection. When renovation isn't an option, many are choosing new house plan construction due to a lack of inventory. According to MarketWatch,...
Read More »