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Home-price index gains the most since 2018

Housing Wire

in July from a year ago, the biggest advance since 2018, as rock-bottom mortgage rates made it possible for people to bid higher for properties. advance in the prior month, and it was the largest annual gain since December 2018. The post Home-price index gains the most since 2018 appeared first on HousingWire. million, down 18.6%

Inventory 542
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Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 514
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Housing inventory crisis continues in 2022

Housing Wire

Early in 2021, when I was talking about how people should worry about home prices overheating, I had a glimmer of hope that maybe toward the end of 2021 we would be spared another seasonal collapse of inventory. Inventory always falls in the fall and winter, but I hoped it wouldn’t be a repeat of 2020.

Inventory 538
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Top markets for affordable renovated housing inventory

Housing Wire

from a year ago to $356,700, according to the National Association of Realtors. Renovated Inventory to the Rescue. After renovation , these homes sold for 28% below the average sales price of all existing home sales nationwide, according to an Auction.com analysis of nearly 100,000 homes that sold on its platform between 2018 and 2020.

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Days on market grow despite low inventory for existing homes

Housing Wire

The National Association of Realtors (NAR) reported today on two trends in existing home sales that we have seen for many months now: sales are declining while total inventory data has fallen directly for the three straight months. NAR lists the current inventory at 1.22 million, with a peak in 2007 a tad over 4 million.

Inventory 493
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Compass strikes again with leadership changes in the Southeast

Housing Wire

Solares joins Compass from her most recent role as senior vice president of sales at Douglas Elliman , where she oversaw $2 billion in high-end inventory. The Louisiana Tech University graduate was recognized as 2019 Education Volunteer of the Year by Florida Realtors , among other accolades.

Brokerage 370
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Why housing inventory is so low right now

Housing Wire

Given the current housing inventory crisis, it might surprise people to realize this: we built too many homes during the housing bubble years. Yes, but this is where my work is much different from other housing economists and why we need to think of inventory in a new, modern 21st-century mindset. Wait, what?

Inventory 435