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Seattle’s housing shortage exposes a familiar gulf between state, local leaders

Housing Wire

are seemingly facing the same obstacle a shortage of housing inventory that is clashing with rising population levels, which serves to push the cost of living beyond reasonable levels of affordability for many. Large metro areas across the U.S. One area that’s representative of this dynamic is Seattle. For state Sen.

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Purchase applications continue growth streak this spring

Housing Wire

Last weeks level of purchase applications was its highest since the end of January, driven by a 3% increase in conventional purchases, while government purchase applications were down 2%, said Joel Kan , MBAs vice president and deputy chief economist.

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With low inventory, house hunters are in full safari mode

Housing Wire

It boils down to two factors, according to housing-industry experts: a lack of housing inventory , or supply; and high demand for that limited housing stock — which also is fueling a jump in new-home sales. In other words, if there were more inventory, we would have more sales happening.” through the first quarter of 2024.”

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Home inventory gains push demand for distressed properties lower: Auction.com

Housing Wire

properties sold at foreclosure auction, showed that this trend is being fueled by rising levels of inventory on the retail market. Data from Altos Research found that the inventory of single-family homes for sale was up 40% year over year at the end of July.

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How New Hampshire is looking to alleviate its housing crisis

Housing Wire

As the states population continues to age, some residents will look to downsize, but in a state with limited inventory and rising prices, this desire poses some challenges. There is a real risk we may see reduced growth in economic development in the state, which has many ramifications. Census Bureau. And there is no easy answer.

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The Week Ahead: Ginnie Mae and HUD to Host Summit on Mortgage Market Resilience

Appraisal Buzz

Department of Housing & Urban Development (HUD) will co-host the “Mortgage Market Resilience and Access to Credit Summit” on Tuesday, October 15 at HUD’s headquarters. Census Bureau Manufacturing and Trade Inventories (Thursday) U.S. Ginnie Mae and the U.S.

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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

A key source of affordable housing inventory was cut in half over the last three years, resulting from well-intended but heavy-handed efforts to keep delinquent borrowers in homes. That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction.

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