Items Tagged with 'housing inventory'

ARTICLES

Trulia: Building permits preventing new housing growth

Pacific West and Northeast pulling down national average
Of the 100 largest metros, Las Vegas is the most elastic housing market in the U.S. Prices over this period increased 71.4%, but the housing stock increased 87.8%, leading to an elasticity estimate of 1.17. Other metros are not so fortunate.
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Existing home sales grow at highest pace in 9 years

Housing market still needs more recovery
Despite rising home prices and lack of inventory, existing home sales in May grew at their fastest pace in almost a decade. Not everyone, however, sees this as good news for the market. Zillow's chief economist points out that, while encouraging, the market still has a long way to go.
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3 reasons why California housing is about to grind slower

Realtors report selling homes fast, for now
Homes sales in California increased again in May for the third straight month, but this could all change due tight housing inventory and reduced affordability. The California Association of Realtors' vice president and chief economist gives these 3 reasons for why the Golden State's housing market will grind slower for the remainder of the year.
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Competition about to be the next top homebuyer concern?

Industry addresses affordability concerns
Affordability, while the number one homebuyer concern, might soon be unseated by worrying about buyer competition. The rising concern isn’t too much of a surprise given this rough stat for potential homebuyers. On the positive side, the industry is stepping up to address affordability problems.
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Pending home sales surge to 10-year high

Seller's market overcomes industry roadblocks
Despite tight inventory and affordability concerns, Pending home sales still increased for the third consecutive month in April, surging to the highest level in over a decade. Here's why Lawrence Yun, National Association of Realtors' chief economist, said sales are beating the odds.
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