Here are new listings for last week over the past several years: 2024: 62,876 2023: 57,229 2022: 59,458 Price-cut percentage In an average year, one-third of all homes take a price cut... Read more »
As the housing market fluctuates, inventory levels are a critical factor for builders, developers and buyers. While low inventory might seem like a challenge, especially for buyers, it presents a unique opportunity... Read more »
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Glenn Kelman, Redfin CEO, joins ‘Money Movers’ to discuss Kelman’s view of the housing market in September, the magic... Read more »
Sales are increasing because supply is increasing. We’re slowly emerging from a supply-constrained market. Sales in 2023 were held back because there were not enough homes to buy. As sellers gently re-enter... Read more »
Weekly housing inventory data Active inventory still needs to be faster for my taste. My model has active inventory growing at least 11,000-17,000 every week with higher rates. This model was based... Read more »
Weekly housing inventory data Now that we are right in the middle of the spring buying season, my inventory model is simple: with higher mortgage rates, just like last year, we should... Read more »
Unlike many other metropolitan areas across the country, the housing market in Southwest Florida is comparably flush with for-sale inventory. “I think one of the major trends we are seeing is that... Read more »
As we started 2024, the signals in the U.S. real estate market were for inventory growth, sales growth and home-price growth across the U.S. At the time, I observed that even if... Read more »
On this episode of Industry Insights, we discuss the outlook for the real estate sector this spring as high mortgage rates and low inventory challenge consumers. Chief Economist at Bright MLS, Lisa... Read more »
No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I think people are getting used... Read more »