Low inventory prevents prices from falling even further: Report

While homeowners are staying put out of reluctance to lock in higher mortgage rates, the few homes on the market are drawing competition, according to a report released Friday by Redfin. Continue reading

Fall housing outlook: Cooling prices, tighter inventory, less competition

As the weather cools, so too will competition and housing prices, experts told Inman for its 2021 Fall Housing Market Outlook. Still, agents can expect inventory to remain tight Continue reading

Amid inventory crisis, median age of US housing stock is getting older

In a pair of new studies released Wednesday, NAR and Harvard University are calling on the government to help ease the housing crisis. Continue reading

Housing market insanity leaves homeownership rate unchanged

The U.S. homeownership rate remained statistically unchanged in the first quarter of 2021, despite the recent increase in housing market activity. Continue reading

Hopes of housing shortage relief are dashed as new listings drop

New listing volumes have failed to make up for the shortfall of 2020 and were down 16 percent and 21 percent year over year in January and February, according to a new report from Black Knight. Continue reading

Realtor.com predicts market shift impacting buyers is on the way

A market shift that will impact homebuyers well into 2020 is likely on the way, according to realtor.com’s June 2019 trend report.  Continue reading

California fire destroyed 18 months of listing inventory

As of Oct. 2018, there were only 858 properties on the market in Butte County, and loss of more than 12,000 residences will result in an unstable local housing market for years to come. Continue reading

Existing home sales remain steady, ending four-month slump

Sales of existing homes remained steady from July to August, ending four months of decline, according to data from the National Association of Realtors. Continue reading