Tag Archives: inventory

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 →

Will an inventory shortage stymie spring? Look to 1994 for clues

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This spring won’t be easy for homebuyers and their agents, but history is full of examples in which the supply of homes went down, but sales kept chugging along, according to an Inman analysis. Continue reading →

Housing inventory shoots up as homes sit longer on the market

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A new report from Realtor.com shows that homes were sitting on the market for an average of 67 days in February, up from just 44 last year at the same time. Continue reading →

Gary Keller: It’s a do-or-die housing market for real estate agents

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In his State of the Housing Market address on Sunday, Keller Williams’ co-founder Gary Keller explained how chaos will force agents to become better competitors — or be left behind. Continue reading →

Mortgage rate swing created ‘more normal’ market in December

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Slowing mortgage rate growth impacted homebuyers and sellers in different ways in December, according to Zillow’s latest market report. The dip was enough for buyers to navigate the winter market, but wasn’t enough for would-be sellers to list. Continue reading →

The 2023 housing market: A real estate ‘reckoning is at hand’

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Economists and other housing experts predict the market will be more balanced among buyers and sellers. Home prices won’t change much while mortgage interest rates will continue to dip. Continue reading →

NAR chief economist predicts ‘strong rebound’ in 2024

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Lawrence Yun said home prices will rise 1 percent and sales will dip 7 percent next year before recovering in 2024, in contrast to a Fannie Mae forecast last month that predicted falling prices in 2023. Continue reading →