Items Tagged with 'housing inventory'

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Freddie Mac: Affordability to hold back home sales in 2017

Plummeting refis could bring down originations 25%
The squeeze in housing inventory is sending home prices even higher, creating declines in affordability and putting a pinch on prospective homebuyers. Freddie Mac also predicted a drop in mortgage originations of 25%, however the report showed this will come almost entirely from plummeting refinances.
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Trulia: Housing inventory tumbles to all-new low

Marks eighth consecutive quarterly decrease
Housing inventory decreased in the first quarter of 2017, hitting an all-new low. But while inventory for starter and trade-up homes is shrinking, premium home inventory is increasing. Trulia explains the reasons for the dwindling inventory, and the new threat rising home prices impose.
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New home sales surge, beat expectations in February

Median home prices fall
New home sales surged in February, beating out expectations. However, even as home sales rose and inventory tightened, the median home price fell for the second consecutive month. In fact, new homes aren’t the only sales to see a relief in rising homes prices.
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Existing home sales come down off 10-year high

January still shows annual increase
Existing home sales slipped down off last month’s decade-high, but remained above last year’s levels. But considering January’s drop in pending home sales to the lowest level in a year, this decrease comes as no surprise.
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Housing inventory in Northwest plummets to lowest point ever

Sellers still in Winter hibernation
This Spring is already shaping up to be one of the strongest home buying seasons in recent memory and it hasn’t even begun. In fact, sellers are still in hibernation even as buyers fight over the current dwindling inventory. Northwest MLS expects an uptick in listings later this Spring, but will it be enough to feed the frenzy? Probably not.
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The double-sided housing recovery in Nashville

Pro Teck: Where's the housing inventory?
Nashville managed to stay afloat throughout the finance crisis despite similar metros across the country crashing. But can the city keep up with its now growing economy? Pro Teck Valuation Services spotlights Nashville’s current recovery, highlighting that the city is falling into an affordability crisis.
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Will you be successful this spring homebuying season? This is what economists predict

Rising interest rates could cause hiccup in home sales
Mortgage interest rates are increasing and could increase even more if inflation rises. Experts explain that while this should mean a deceleration in home prices, that has not been the case. An increase housing inventory remains the only factor that could fulfill home buyer demand and settle rising home prices.
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Ten-X predicts fall in February’s existing home sales

Limited inventory starts to take its toll
Existing home sales shot up in January, but don’t expect the following months to follow suite. At least, not according to Ten-X’s Nowcast prediction. And from the looks of January’s pending home sales, the report is on the right track. As one expert put it: you can’t buy a home that’s not for sale.
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