Articles Tagged with ''Inventory''

Redfin: Luxury home prices experience the first annual decline in nearly three years

Homes priced at or above $2 million drop to a 9-year low
In the first quarter of 2019, luxury home prices decreased 1.6% year over year, marking the first annual decline for the market in nearly three years, according to the latest data from Redfin. Redfin Chief Economist Daryl Fairweather said since homeowners can’t deduct as much mortgage interest as they used to be able to, the calculus has changed when it comes to buying a home, especially an expensive one.
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Report: Lackluster home sales push inventory growth in January

Inventory growth climbs to 10-year high
In January, home sales declined for the sixth consecutive month, leading to the largest inventory increase in 10 years, according to the latest RE/MAX National Housing Report. RE/MAX CEO Adam Contos said the winter chill extended to the housing market in January, as home sales remained cool.
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Redfin: Economic headwinds dampen luxury home market

In Q4, sales of homes priced at or above $2 million decreased 3.9%
In the fourth quarter of 2018, luxury home prices increased 4.7% year over year to an average of $1.78 million, according to the latest data from Redfin. Redfin Chief Economist Daryl Fairweather explained economic headwinds are responsible for the decline.
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Housing inventory falls as 2018 ends

Inventory declines nearly 5%
In the last three months of 2018, housing inventory retreated 4.6% from the previous year, according to new data from Trulia’s Inventory and Price Watch Report. Although this is the ninth consecutive quarter of declining inventory, Trulia notes that the nation’s most expensive markets are seeing large inventory gains.
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Affordability divides America's cities

Buyers in large metros see listing prices decline, while smaller markets see prices increase
In November, while home sales in large U.S. metros cooled off, smaller affordable markets continued to heat up, according to the latest realtor.com Housing Report. Realtor.com Chief Economist Danielle Hale said the housing market is a "tale of two cities" as the divergence widens between these markets.
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Redfin: Luxury home market takes a breather

Luxury home prices experience lowest growth rate in nearly 2 years
In the third quarter of 2018, luxury home prices increased 3.2% year over year to an average of $1.7 million, according to the latest data from Redfin. Redfin Chief Economist Daryl Fairweather said the slow pace of price growth can be attributed to the stock market.
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Report: Home sales, inventory locked in standstill

RE/MAX reports inventory increased year-over-year for the first time in a decade
In October, a decrease in year-over-year home sales contributed to the first year-over-year inventory increase in a decade, according to the RE/MAX National Housing Report. RE/MAX CEO Adam Contos said the market continues to move toward equilibrium.
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NAR: Pending home sales climb in all four major regions

An uptick in existing inventory may be the reason
Pending home sales climbed in all four major regions in June, but still fell short of last year's gains, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun believes the worst of the supply crunch affecting most of the country has possibly passed.
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