Tag

Limited Inventory

All articles tagged with #limited inventory

real-estate2 years ago•2 min saved

US Home Prices Continue to Rise Amid Low Supply and High Demand

Home prices rose 0.7% nationally in March due to limited inventory and steep competition, according to the S&P CoreLogic Case-Shiller index. The 10-city composite fell 0.8% annually, while the 20-city composite fell 1.1% in March. Miami saw a 7.7% annual gain, making it the best-performing city for the eighth straight month. Conversely, Seattle prices plummeted 12.4%, edging out San Francisco with its 11.2% decline. The National Association of Home Builders/Wells Fargo Housing Market Index rose five points to 50, the highest reading since July.

via Fox Business|

#home-prices #housing-market #limited-inventory

real-estate2 years ago•2 min saved

Homebuilder Sentiment Reaches 10-Month High Amid Limited Housing Supply

Homebuilder sentiment in the US housing market rose to its highest level since July, as declining mortgage rates and limited inventory helped drive demand higher for new homes. The National Association of Home Builders/Wells Fargo Housing Market Index rose five points to 50, marking the first time in nearly a year that the index pulled out of negative territory. The interest rate-sensitive housing market has borne the brunt of the Federal Reserve's aggressive campaign to tighten policy and slow the economy. Limited inventory has also bolstered demand this month, and new construction will continue to be a significant part of prospective buyers’ search in the quarters ahead.

via Fox Business|

#homebuilder-sentiment #housing-market #limited-inventory