Tag Archives: sales

Low inventory is expected to be the biggest market driver in 2018 as price growth remains strong and homeowners refrain from selling.

Record home prices, quick sales and low inventory marked a good year for the housing market even though it ended with a slight drop in sales according to a report.

The New Jersey headquartered bank has appointed the two senior executives to help expand its operations in the mortgage market.

Affordable homes for sale, highly rated schools, an easy commute, and plenty of inventory. An analysis shows that only 25 areas across 80 U.S. metros check all these boxes for a homebuyer’s dream neighborhood.

High prices and low inventory challenges markets across the U.S., and according to data by Redfin’s latest Luxury Market Report—home prices in this market rose 4.9 percent in ...

According to a recent report, if American homeowners moved at the same rate they did in 1990, there would have been about 2.8 million more homes sold in 2016. This would solve the ongoing inventory problem, but the fact is Americans just aren’t moving, for a number of reasons. The report cites three possible reasons for a non-moving population: an aging population, pockets of high negative equity, and an increase in single-family rentals.

On Tuesday, at 10 a.m. EST, the U.S. Census Bureau along with the Department of Housing and Urban Development (HUD) will release the New Residential Sales Report for April 2017. With construction activity droppping off slightly, how will sales react?

The flipside of the sellers-market economy of 2017 is that sellers looking to buy a new home are running into the same problems as all other buyers. A new study by Redfin shows that two-thirds of sellers are worried about finding a new property once they sell. And low inventories are reeling from the increasing speed of sales.

The increase in new home sales could be due to the warm winter which allowed construction to stay on schedule, last year’s strong home construction starts, and a gradual shift from building apartments to individual homes. However, Kirchner says that while construction is up overall, existing home sales are falling.

Though large publicly-traded home builders are often seen as a risk to smaller privately owned builders, private builders still dominate the residential construction sector.