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Housing Inventory

All articles tagged with #housing inventory

Three-Quarters of U.S. Homes Are Not Affordable for the Average Buyer
business1 month ago

Three-Quarters of U.S. Homes Are Not Affordable for the Average Buyer

A Bankrate analysis finds that over 75% of U.S. homes for sale are unaffordable for the typical household, driven by high prices, mortgage rates and tight inventories. Only 11 of the 34 largest metros have at least 30% of listings within reach for middle-income buyers; ultra-expensive markets like Miami, Los Angeles and San Diego remain far out of reach. By contrast, some Rust Belt and Southern metros are closer to affordability, helped by more new construction and townhomes. The median U.S. household earns about $80,000, well below the roughly $113,000 needed to afford the median-priced home of $435,000.

via Axios|
#business#home-prices#housing-affordability
Real Estate Outlook 2026: Experts Predict Market Trends and Opportunities
real-estate2 months ago

Real Estate Outlook 2026: Experts Predict Market Trends and Opportunities

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.

via Yahoo Finance|
#2026-projections#home-prices#housing-inventory
US Home Sales Slightly Rise in November Amid Market Challenges
real-estate2 months ago

US Home Sales Slightly Rise in November Amid Market Challenges

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.

via Reuters|
#consumer-sentiment#home-prices#home-sales
Economists Suggest Solutions to Senior Housing and Tax Challenges
economy5 months ago

Economists Suggest Solutions to Senior Housing and Tax Challenges

Outdated capital gains tax caps are preventing millions of seniors from downsizing, causing a housing market logjam and reducing inventory for families.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.

via Fortune|
#aging-population#capital-gains-tax#downsizing
US Housing Market Faces Continued Decline Amid Buyer Hesitation
finance7 months ago

US Housing Market Faces Continued Decline Amid Buyer Hesitation

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.

via Financial Times|
#finance#home-prices#housing-inventory
real-estate7 months ago

U.S. New Home Inventory Surges to 2007 Levels Amidst Rising Prices and Slowing Sales

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.

via Wolf Street|
#home-prices#homebuilder-profits#housing-inventory
US Pending Home Sales Fall 6.3% in April Amid Market Uncertainty
real-estate9 months ago

US Pending Home Sales Fall 6.3% in April Amid Market Uncertainty

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.

via National Association of REALTORS®|
#housing-inventory#housing-market#mortgage-rates
October Sees First Annual Home Sales Gain in Over 3 Years Amid Rate Dip
real-estate1 year ago

October Sees First Annual Home Sales Gain in Over 3 Years Amid Rate Dip

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.

via National Association of REALTORS®|
#existing-home-sales#home-prices#housing-inventory
US Home Prices Reach Record High Despite Slowing Sales
real-estate1 year ago

US Home Prices Reach Record High Despite Slowing Sales

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.

via CNBC|
#home-prices#home-sales#housing-inventory
"US Home Sales Decline in April Amid Rising Mortgage Rates"
real-estate1 year ago

"US Home Sales Decline in April Amid Rising Mortgage Rates"

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.

via National Association of REALTORS®|
#existing-home-sales#housing-inventory#median-home-price
"March Sees 4.3% Drop in Existing-Home Sales"
real-estate1 year ago

"March Sees 4.3% Drop in Existing-Home Sales"

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%.

via National Association of REALTORS®|
#existing-home-sales#housing-inventory#median-home-price
"Real Estate Industry Faces Major Disruption in CNY as Sellers Push Back Against Commissions"
real-estate1 year ago

"Real Estate Industry Faces Major Disruption in CNY as Sellers Push Back Against Commissions"

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.

via CNYcentral.com|
#commission-rates#housing-inventory#lawsuit-settlement