Items Tagged with 'housing inventory'

ARTICLES

Experts: New home sales need to double to hit historic norms

Experts point out new home sales still high compared to 2016
After several months of high gains in new home sales, sales of new single-family homes came tumbling back down in April. Many experts agree the drop was somewhat expected and remains high compared to last year. However, new home sales still lag behind the historic average.
Read More

New home sales plummet more than 11% in April

Housing inventory sees relief
New home sales plummeted in April from the previous month, possibly showing a new cooling in the market. As home sales dropped, so did home prices even as housing inventory increased. But does this mean the market is cooling off? Perhaps only time will tell.
Read More

Where are building permits keeping up with housing demand?

Interactive chart shows which counties are winning the battle for more inventory
An interactive tool from NAR shows the need for new housing in different counties across the U.S. compared to the number of new building permits issued. Since the housing crisis, the number of counties hitting their peak levels of building permits decreased substantially.
Read More

NAR: Existing home sales will see best year since 2006

Sales to increase 3.5% this year
As prices go up, existing home sales are on track to hit the highest sales pace since 2006, a new forecast from the National Association of Realtors shows. However, the housing market will still face various headwinds, including lack of economic growth, which could hold back the sales pace.
Read More

Realtors: Homebuyers flooded housing market in first quarter

Home price growth accelerates to fastest pace in a decade
Home sales increased in the first quarter to the fastest sales rate in a decade. However, as home sales increase, housing inventory is pushed lower and home prices continue to rise. During the first quarter, home prices increased at their fastest pace in two years.
Read More

Monday Morning Cup of Coffee: CFPB deepens probe into Zillow for RESPA compliance

Here's one main driver behind Dallas’ hot market
Things are heating up in the government and the housing market. The Consumer Financial Protection Bureau is deepening its investigation into Zillow’s compliance with the Real Estate Settlement Procedures Act, just as the of the government is simultaneously looking into the constitutionality of the bureau itself. As far as housing, what’s causing homes to fly off the market in Dallas?
Read More

Lack of housing supply slows pending home sales in March

Numbers still indicate strong home-buying season
Pending home sales dipped slightly in March as low levels of housing inventory created a strain on the market. Low inventory levels are not only holding back home prices, but also creating more competition and increasing home prices. The National Association of Realtors forecasts the rate of home sales for 2017.
Read More