All articles tagged with #housing inventory
Housing prices in 2026 are expected to rise, but the growth may be modest and potentially below inflation rates, depending on regional factors and market conditions. While some experts predict a 4% increase, others forecast only around 1-2%, influenced by increased housing inventory and sustained mortgage rates, which could limit price appreciation.
U.S. existing home sales increased slightly in November amid falling mortgage rates, but limited housing inventory and economic uncertainties have restrained a stronger market recovery. The median home price rose to $409,200, and sales were modestly up, though overall demand remains subdued due to labor market concerns and stretched affordability.
Outdated capital gains tax caps are preventing millions of seniors from downsizing, causing a housing market logjam and reducing inventory for families. Updating these caps to reflect home price growth could unlock housing supply, boost economic mobility, and address market inefficiencies, especially in high-cost areas. The current tax structure disproportionately burdens middle-income homeowners and seniors, while the wealthy often sidestep taxes. Reforming the tax code could stimulate market activity, increase government revenue, and improve housing affordability.
Home prices are declining in five major US cities—Oakland, West Palm Beach, Jacksonville, Austin, and Houston—due to market stagnation and increased inventory, offering better opportunities for buyers amid a generally high national housing market.
US housing prices remain high despite falling sales and rising inventories, with demand subdued due to uncertain rate outlooks and buyer hesitations. The market may see modest price declines if the Federal Reserve cuts rates, but a significant crash seems unlikely given current economic stability. The article also discusses the Archegos case and its legal aftermath, highlighting the risks of leverage and derivatives in financial markets.
The US housing market is experiencing a significant increase in new home inventory, reaching levels not seen since 2007, especially in the South, with prices falling and sales declining. Homebuilders are reducing prices and incentives to stimulate demand amid a market correction, leading to lower profits and a glut of supply, contradicting the media's narrative of a housing shortage.
A recent drop in mortgage rates to a three-month low led to a 9.4% weekly increase in mortgage applications, driven by increased homebuyer demand and refinancing, although overall market sentiment remains uncertain with rising rates and high contract cancellation rates.
US pending home sales declined by the most since September 2022, mainly due to high mortgage rates and prices, indicating a sluggish spring selling season and potential for continued market weakness until rates decrease closer to 6%.
Pending home sales in the U.S. declined by 6.3% in April, with all regions experiencing month-over-month losses, highlighting the impact of mortgage rates on the housing market despite increased inventory. Year-over-year, some regions saw slight gains, but overall contract signings remain subdued, emphasizing the importance of lower mortgage rates to boost sales.
Existing-home sales in the U.S. increased by 3.4% in October, marking the first year-over-year gain since July 2021, according to the National Association of REALTORS®. Sales rose across all major regions, with a total annual rate of 3.96 million. The median home price also increased by 4% to $407,200. Inventory levels rose slightly, while mortgage rates remained elevated but are expected to stabilize. First-time buyers accounted for 27% of sales, and cash sales made up 27% of transactions.
Home prices reached a record high in May, with the median price of an existing home at $419,300, up 5.8% year over year. Sales of previously owned homes remained stagnant, down 0.7% from April and 2.8% from the previous year, as high mortgage rates around 7% deterred buyers. Inventory increased by 6.7% month to month, but remains low overall. Despite higher prices, competition is still strong, with two-thirds of homes going under contract in less than a month.
Existing-home sales in the U.S. decreased by 1.9% in April, with declines in all four major regions. The total housing inventory increased, and the median existing-home price rose to a record high of $407,600. First-time buyers accounted for 33% of sales, while all-cash sales remained at 28%. Mortgage rates averaged 7.02%, up from 6.39% a year ago. The Northeast, Midwest, and South experienced year-over-year sales decreases, while the West saw an increase.
Existing-home sales in the U.S. decreased by 4.3% in March, with declines in the Midwest, South, and West, but a rise in the Northeast. The total housing inventory increased, and the median home price rose to $393,500. First-time buyers accounted for 32% of sales, while all-cash sales decreased to 28%. Mortgage rates also increased to 6.88%.
The National Association of Realtors has settled a $418 million lawsuit, leading to changes in commission policies for real estate transactions, giving homebuyers more power to negotiate costs. Buyers and sellers will now have to enter into a contract with their realtor and negotiate commission rates before viewing a home, with the option to decide who pays the fee. Despite these changes, the housing inventory remains low in Central New York, prompting efforts to address the city's housing challenges and create more affordable housing options.
US home prices reached a new record high in November, rising 5.1% nationally compared to the previous year, according to the S&P CoreLogic Case-Shiller index. The 10-city and 20-city composites also saw annual increases, with some cities hitting all-time highs. The housing market has rebounded despite higher mortgage rates and limited inventory, with prices likely to continue surging as the affordability crisis worsens.