Tag Archives: Housing Supply

Many buyers reported that finding a home that fits their needs was the biggest obstacle to buying a home. Lately, however, more prospective buyers are reporting that they are having trouble simply finding a home at all.

The pace of new home sales dropped off in May, but that may have been expected due to April's large jump.

Housing construction is still considerably below demand across swaths of the United States, and it’s causing costs and rents to balloon, according to a recent analysis.

As the housing market continues to improve, more buyers enter the market, and inventory levels decline, favor now rests in sellers' hands.

Smoke determined the 20 hottest housing markets in the nation based on the number of listing views relative to the number of listings when looking at March data and website traffic. Realtor.com said these markets should see plenty of activity in the next few months as homebuying season gets underway.

Analyzing transactions from 53 major metros nationwide, RE/MAX's latest National Housing Report showed home sales plunged 32.1 percent from December to January, more than wiping out the prior month's 14.4 percent gain.

Using data from multiple listing services in markets throughout the state, the Texas Association of Realtors reported Monday that single-family home sales statewide totaled 66,664 last quarter, an 8.46 percent increase from the same period in 2013.

The Commerce Department estimated Tuesday that new home sales in December were at a seasonally adjusted annual rate of 481,000, a jump of 11.6 percent from November's downwardly revised sales rate of 431,000. Economists had expected a smaller increase in sales to a rate of 452,000.

RE/MAX reported Monday that home sales activity jumped 14.4 percent nationally month-over-month December, a sharp reversal from November's 22.5 percent drop. Compared to the same month in 2013, December sales were up 3.9 percent, making it one of only a handful of months in 2014 to see transactions improve on a yearly basis.

California's housing market made more small strides toward stability over the last 12 months, though sales activity took a dip compared to the year before. For the entire year, C.A.R. estimates that 383,320 single-family homes closed escrow across the state, a 7.6 percent decline from 2013.