Tag Archives: inventory

The inventory recovery suffered a setback. Is it just temporary?

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The housing downturn was supposed to bring the market back into balance between buyers and sellers. But recent inventory gains have stalled. Continue reading →

‘Inflation is still running too high’: Homebuyers stunned by rate surge

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Requests for purchase loans were down last week by 31 percent from a year ago as rates rose to new 2023 highs and homes remained scarce in many markets, according to the MBA’s Weekly Mortgage Applications Survey. Continue reading →

NAR chief economist: ‘The Fed made a mistake’

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At the Realtors Legislative Meetings’ Residential Economic Issues and Trends Forum, Lawrence Yun predicted total home sales would bottom out this year before ticking up in 2024. Continue reading →

How union strikes like the Writers Guild of America impact real estate

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From negative effects on the supply chain to confidence in the market, major union strikes like the WGA strike and others before it can have a palpable impact on the real estate industry. Continue reading →

Buying a home is hard. For first-timers, it’s never been tougher

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Homes in the lower tier of pricing are still 8 percent more expensive than at this time last year — and inventory has barely budged, according to a new analysis released Thursday by Zillow. Continue reading →

Listing shortages kept prices from falling in Q1: Fannie Mae

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The mortgage giant’s quarterly Home Price Index shows national home prices were up 1 percent during the first quarter of 2023 compared to the final three months of 2022. Continue reading →

Home sales are cooling — but the competition is red hot. What gives?

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New listings plunged 21.8 percent from a year ago, marking one of the most significant annual drops since the beginning of the pandemic, according to a new analysis of housing inventory by Redfin. Continue reading →

The LA ‘mansion tax’ is coming, sending sellers on a sprint to April 1

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To make their multimillion-dollar properties more attractive and move them more quickly, some sellers have been cutting their asking prices precipitously and negotiating other add-ons into contracts. Continue reading →

Will migration fizzle out in 2023? History points to existential shift

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The migration trends that drove housing demand during the pandemic are ending. But that doesn’t mean people aren’t moving, according to an Inman analysis of historic data. Continue reading →