Remove 2020 Remove Contracts Remove Sellers
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Inventory growth is slowing. Are sellers backing off?

Housing Wire

Sellers can just wait it out, and it looks like the U.S. I think it’s worth examining if sellers will indeed just wait it out now. The big takeaway is that we’ll have more inventory than 2020 starting in July. That is 13% more sellers than last year at this time, but it’s not expanding any more this summer.

Inventory 390
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Altos: Sellers are coming back to the housing market, can buyers keep up?

Housing Wire

There are still notably not a lot of sellers. But home sellers are gradually easing back into this housing market. There were 66,000 new listings this week, of which 14,000 are already in contract. Sellers are coming back to this housing market. 14,000 of those new listings are already in contract.

Sellers 410
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Unsold inventory is rising across the country

Housing Wire

There are more homes on the market now than anytime since August 2020. This number will probably peak at about 700,000 this summer, crossing over 2020 levels at that point. No one wants a scenario in which there’s a flood of sellers but no buyers. In a few weeks — probably early July — inventory is likely to surpass 2020 levels.

Inventory 527
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Report: Houses Gathering Dust on Market as Unsold Inventory Grows

Appraisal Buzz

Nearly two-thirds (64.7%) of homes on the market in June had been listed for at least 30 days without going under contract, according to a new report from Redfin, a technology-powered real estate brokerage. year-over-year, the largest annual rise in a year and the highest share for any June since 2020. This marks an increase from 59.6%

Inventory 433
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Home price signals point to flat growth

Housing Wire

By the end of the summer, it looks like inventory will finally be back above 2020 levels. In the video above, you can see in the inventory chart how this year’s trajectory is climbing and looks like it’ll cross the 2020 levels by July. More home sellers are coming back to the market each week.

Inventory 449
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Looking for clarity in the Clear Cooperation debate

Housing Wire

But while the debate surrounding CCP has only begun to boil over in the past six weeks, the policy in its current form dates back to 2020 — and the intention at the heart of it goes back even further. Fooling themselves’ While some in the real estate industry find the argument of increased seller choice compelling, others are not buying it.

Brokerage 432
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Home Price Growth May Soon Stall

Appraisal Buzz

Now is a good time–at least compared to the recent past–for serious house hunters to get under contract on a home,” said Daryl Fairweather, Chief Economist at Redfin. The current small decline in rates may encourage more potential sellers to come off the sidelines. It is unlikely that prices would decrease significantly very soon.

Contracts 370