Items Tagged with 'housing inventory'

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FHFA: Rising interest rates not slowing down home prices…yet

No end in sight for low housing inventories
Home prices continued their strong growth in the fourth quarter despite rising interest rates. Although interest rates are up, housing inventory is down, causing home prices to increase. However, the FHFA’s deputy chief economist explains it may simply be too soon to see an effect on the market from increasing interest rates.
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High-velocity housing market in Northwest continued during January

Pending home sales surpass new listings
Housing inventory continues to slip in the Northwest, pushing home prices even higher. But experts say this high velocity market is unlikely to end anytime soon, citing the combination of new jobs, a shortage of new homes, and a reluctance of sellers to list their home for fear of not being able to find their next one.
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Realtors: Majority of metros hit peak levels in 2016

Housing supply hit record lows
In 2016, the housing market saw existing home prices hit new highs in many markets, and housing inventory hit new lows. While this sounds great for sellers, homebuyers struggle to find an affordable home. NAR explains when homebuyers should start searching for a home to avoid competition and get the best price.
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Housing shortage and high home prices hit these 10 markets hardest

Trulia report shows most mismatched markets
Inventory shortages and high home prices plague the housing market as homebuyers struggle with the competition to find a home. Many markets have a surplus of premium homes and a shortage of starter and trade-up homes. Trulia outlines the nation’s top-10 metros with the most mismatched housing markets.
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Realtors pick their top 10 hottest housing markets for 2017

This is where homes fly off the market
While January is typically the slowest month of the year for real estate, the market remained strong at the start of 2017. Homes flew off the market faster than the previous year at home prices that were 10% higher than the previous year. Here are the top 10 markets for the start of the new year.
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Pending home sales close out 2016 on a high note

NAR explains what to watch for in 2017
Pending home sales finished the year out strong with an increase in December. However, sales were still weighed down by low inventory levels. The National Association of Realtors’ chief economist explains why that burden could start to lessen in 2017.
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Freddie Mac: Mortgage rates shoot up once again

Market still struggles with dwindling inventory
Mortgage rates broke the downward trend from the last three weeks with this week’s increase, the first since Dec. 29. However, despite the increase, hope of home-price deceleration is minimal as the housing market continues to struggle with its lowest inventory since 1999.
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Existing home sales close 2016 as best year in a decade

Even after 2.8% decrease in December
Home sales slipped in December, but not enough to keep 2016 from being the best year in a decade for existing home sales. However, despite this slip in home sales, inventory continues to struggle. In fact, housing inventory just hit the lowest level in the history of NAR’s report.
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