Limited inventory, high prices stifle housing market. – Unsold inventory is now at a 4.2-month supply at the current sales rate, versus 4.8 months a year ago and the 6.0-month supply typically associated with a more balanced real estate market. One positive aspect was an increase in first-time home buyers who comprised 33% of buying volume compared to 32% in June.
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The U.S. housing market is an inventory story [Video] – · In April, existing home sales fell 2.5% to an annualized rate of 5.46 million. On its own, this is not a remarkable story. What is more notable is the persistence of a trend that has come to define the U.S. housing market since it bottomed in 2012. And that is the lack of supply. In April, the.
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As Housing Market Recovery Continues, Headwinds are Building – · The industry group has not yet calculated the impact of the steel and aluminum tariffs on the housing market. Tight labor markets. On the labor side, wages are rising, but the bigger problem is the shortage of qualified applicants to fill the number of job openings.
Research and Statistics | www.nar.realtor – July 2018 Existing-Home Sales Snapshot. July 2018 brought 5.34 million in sales, a median sales price of $269,600, and 4.3 months of inventory. The median sales price is up 4.5% year over year, and inventory is at the same level as in July 2017.
Housing Starts Drop for Third Straight Month | Economy. – · Housing Starts Drop for Third Straight Month. it looks like America’s ongoing inventory shortage will continue to be a problem in the months ahead.. housing market, housing.
The GOP Tax Plan Could Hit the Country’s Most Expensive Housing Markets – the group’s data show. “It exacerbates the cost problem further,” Miller said. The mortgage-deduction limits may also worsen one of the housing market’s most vexing issues right now: a severe shortage.
The US housing market has an inventory problem – The US housing market has an inventory problem. "With mortgage rates and home prices continuing to climb, an increase in housing supply is absolutely crucial to keeping affordability conditions from further deterioration," said Yun. "The current pace of price appreciation far above incomes is not sustainable in the long run." NOTE: A version of this story was published on May 24.
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Housing market frenzy frustrates potential buyers in Maine – Low housing inventory isn’t just a problem for buyers in southern Maine. Nationally, the number of homes for sale has been declining. qualified for a mortgage and wait until they are serious before.
8 Experts Predict What The 2017 Housing Market Has In Store – Inventory. Housing inventory – or the lack thereof – was a big deal in 2016, and it will continue to be a problem next year, experts believe.
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