Items Tagged with 'housing inventory'

ARTICLES

  • Baby Boomers creating "near-gridlock" by aging in place

    Boomers have become "a stick in the spokes" of the housing market, Chicago Tribune says
    Baby Boomers, the 75 million Americans born between 1946 and 1964, are clogging up the housing market, according to a Chicago Tribune story. Instead of moving to retirement communities, Baby Boomers are opting to age in place, keeping about 1.6 million houses off the market.
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  • Redfin: A lack of housing supply is slowing home-sale growth

    In May, home sales rose only 2.5% from the previous year
    In May, home-sale growth continued to lag, highlighting a slowdown in inventory, according to new data from Redfin. Redfin Chief Economist Daryl Fairweather said although recent surges in mortgage applications reflect heightened homebuyer demand, a lack of inventory continues to prevent growth.
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  • NAR: Home prices are rising but at a much slower pace

    Home prices rise 3.9% in the first quarter of 2019
    The national median existing single-family home price increased 3.9% annually to $254,800 in the first quarter of 2019. Despite this increase, Q1’s total now sits just below the annual increase of 4% in the fourth quarter of 2018. NAR Chief Economist Lawrence Yun said in order to combat slower price gains, the construction industry needs to develop more affordable housing units.
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  • Home inventory was flat in Q1 as listings lingered on market

    Trulia report shows high prices stunted demand
    The U.S. inventory of homes for sale was flat in the first quarter, compared with a year earlier, the first time since 2016 there wasn’t a decline, according to a Trulia report. Inventory increased in 50 of the nation’s 100 largest metro areas, up from just 19 areas one year ago.
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  • Average home listing price reaches all-time high

    Home prices projected to set new records in 2019
    In March, the average American home listing price climbed to $300,000 for the first time ever, according to Realtor.com’s Housing Trend Report. Realtor.com Chief Economist Danielle Hale said the typical U.S. home list price has set a new high right on the cusp of the spring homebuying season.
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  • Real estate agents say housing market is favoring buyers

    Anticipating a surge of supply this spring, buyers are taking their time
    Real estate agents say many of their buyers are encouraged by an expected surge of supply this spring, and that a number of them are taking a wait-and-see approach rather than hustling to get a deal done. This market shift that puts the control in the hands of the buyer was revealed by a recent Credit Suisse survey of 500 real estate agents around the country. Here's what else they had to say.
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  • Redfin: Lackluster home price growth eases housing market competition

    Prospective homebuyers are the real winners
    In February, home sales increased only 0.6% from last year, marking the smallest annual increase since March 2012, according to new data from Redfin. Chief Economist Daryl Fairweather said since homes are now sitting on a less competitive market, first-time homebuyers now have a better chance of winning a home.
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  • Redfin: Home price growth reaches 6-year low

    New home sales fall 11% from previous month
    In December, home sales climbed 1.2% year-over-year, marking the smallest increase since March 2012, according to new data from Redfin. Redfin Chief Economist Daryl Fairweather said December may feel like a foot on the brake, but the housing market was going over the speed limit.
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  • U.S. housing market value climbs to $33.3 trillion in 2018

    One-third of this total belongs to the Golden State
    In 2018, the total value of the U.S. housing market increased $1.9 trillion, propelling its value to a whopping $33.3 trillion, according to new data from Zillow. Notably, a third of the nation’s housing market value can be attributed to California, which has climbed $3.7 trillion since the market crashed in 2012.
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