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Inventory growth is slowing. Are sellers backing off?

Housing Wire

Inventory grew by almost 14,000 homes this week. Available inventory of unsold homes continues to grow but that growth in seems a bit less intense than it could be. He expects the second half of the year to see even more inventory growth. Inventory increases by 2.2% Sellers can just wait it out, and it looks like the U.S.

Inventory 455
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Eight states now have more unsold inventory than in 2019. Here’s why.

Housing Wire

Unsold inventory of homes on the market has been climbing in the U.S. In general, inventory rises with rates because more expensive money slows demand. When demand slows, inventory grows. Inventory is climbing but it’s still pretty restricted. And importantly, inventory isn’t growing everywhere equally.

Inventory 482
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Chicago housing market normalizing after unprecedented volatility during the pandemic

Housing Wire

New listings have stalled as a result of rising inventory. Property taxes are another factor that is slowing things down. Property taxes are another factor that is slowing things down. Most of the suburbs have been really hot. I haven’t seen a shift [to a buyer’s market].

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Home sellers are returning to the market

Housing Wire

The weekly volume of new listings is now higher than at anytime last year. The bearish take is that there are many more sellers than buyers and inventory is rising. The bearish take is that there are many more sellers than buyers and inventory is rising. Two years ago, inventory was jumping along with mortgage rates.

Sellers 508
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Hurricane Helene has exposed $96B in RMBS loans to delinquency

Housing Wire

Insurance and inventory An alarming statistic is that most homeowners in these areas are not insured by the private insurance market or by the National Flood Insurance Program (NFIP). metro areas, 13 have had positive inventory change since 2019. In stark contrast, there was average inventory decline of 32% at the national level.

Insurance 375
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A look at Knoxville’s hot housing market

Housing Wire

Currently on Realtor.com , more than 2,000 homes are currently on the market in Knoxville with an average listing price of $270,000. But like the rest of the country, low housing inventory has hit the city hard. The KAAR also said housing inventory dropped for six straight months to start the new year. year-over-year.

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Indiana markets are indicative of the Midwest regional housing boom

Housing Wire

Caruso said this is indicative of the markets in Indiana, where low inventory, high interest rates and inflationary pressure are still making it hard for clients to find — and afford — a home to buy. That’s led to a rise in new listings in Indianapolis as more homeowners are putting their houses on the market.

Marketing 448