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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. Housing markets continued to weaken, with sales and construction declining across [all 12 Federal Reserve] districts,” according to the Federal Reserve Beige Book released on Wednesday.

Inventory 448
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Affordability boosts Indianapolis housing market 

Housing Wire

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The real estate market As of Jan. The top three spots in the ranking were Buffalo, New York, and Cincinnati and Columbus, Ohio.

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Impatient homebuyers are gradually accepting the reality of the housing market: BofA

Housing Wire

It deepened an already existing inventory shortage and worsened affordability woes. However, homebuyers are resourceful and show signs of adaptation to the current market BofA researchers found that homebuyers were willing to sacrifice several features to find their home quicker.

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Local Housing Markets: Fargo, Bergen County and 30A, Florida

Housing Wire

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. There are excellent schools and great transportation into Manhattan, but if you go a little bit north you can go hiking. Recently, Bergen County has been home to one of the hottest housing markets in the country.

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Kingston is latest hot housing market for those leaving NYC

Housing Wire

The proximity to New York City — and the abundance of public transportation that can take you there — is also a factor. “At any time during the day, I’ve got people in my shops, looking in my windows at houses to buy. Inventory is low, like it is throughout the country, and that’s driving up demand.

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Florida struggles with affordable housing despite bulking up construction

Housing Wire

This is according to a 2024 annual report from the University of Floridas Shimberg Center for Housing Studies, which examines recent trends in housing production, home prices and rents, and the affordable housing inventory.

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U.S. hiring slowed in April, missing estimates

Housing Wire

Job gains were most notable in health care (+56,000), in social assistance(+31,000), and in transportation and warehousing (+22,000). The Federal Reserve ’s Federal Open Markets Committee (FOMC) maintained its short-term interest rate steady at a range of 5.25% to 5.5% A slowing labor market can be both good and bad for the U.S.