Tag Archives: inventory

Here’s why price cuts are sweeping the country

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Reports released on Thursday by Redfin and Realtor.com show that homesellers are increasingly motivated to sell, especially in lower price ranges and on single-family homes. Continue reading →

Is the mortgage lock-in effect ending? These numbers offer clues

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The Federal Reserve’s decision to make a series of historic short-term rate cuts at the height of the pandemic has proven to be a double-edged sword, with the sharpest point being the percentage of would-be homesellers locked into their homes by 2 perc… Continue reading →

More than half of metros stray from ‘balanced’ housing market

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The housing market is seeing signs of balance, but dig deeper, and the picture looks far from uniform. Here’s how to explain it to clients. Continue reading →

Is fall the new spring? Market winds may be shifting, NAR says

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Increased homebuying affordability, more inventory and fewer competing buyers may lead to a prime week for homebuyers in October, leading to conditions like a “second spring market.” Continue reading →

Here are the markets where homebuyers have the upper hand

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Realtor.com’s August market report revealed the emergence of a balanced market, with pockets of dominance for buyers in the Southeast and West. However, economic headwinds are suppressing sales, with contract signings and delistings rising annually dur… Continue reading →

New sales numbers are out. These 9 charts show what’s happening where you live

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Pending home sales, a leading indicator of expected home sale closings, fell 0.4 percent nationally in July, according to National Association of Realtors data. Continue reading →

Sellers outnumber buyers by 36% — but that figure is starting to shrink

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In the past two months, the total number of homesellers in the market has fallen from a peak of 1.96 million in May to 1.95 million in July, Redfin reported. As sellers realize that homebuyers have the upper hand now, some are opting out of the market … Continue reading →

US home prices see modest annual gains, but lag behind inflation

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The S&P Cotality Case-Shiller Index reported home price gains of 1.9 percent while the FHFA reported nationwide home price gains of 2.9 percent. Inflation sits at 2.7 percent, which still leaves consumers in a sticky situation. Continue reading →

New-home sales declined in July but beat analyst expectations

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Sales of new single-family homes dropped 8.2 percent year over year to a seasonally adjusted annual rate of 652,000, which still beat analysts’ expectations of a rate of about 630,000 units. Continue reading →

Yes, inventory’s up, but de-listings and expireds slow growth

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Windermere Economist Jeff Tucker looks at inventory levels and writes that, while sellers are willing to list, they won’t bend on price. Continue reading →