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Weekly Inventory Up Year-Over-Year for the First Time Since 2019

Pro Builder

Weekly Inventory Up Year-Over-Year for the First Time Since 2019. Housing inventory is slowly climbing as buyer demand, home sales slow due to mortgage rate hikes. Year-over-year inventory was down 30% from 2019 levels at the start of the year, but current year-over-year supply is unchanged from mid-2019.

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Housing Inventory Won’t Return to Pre-Pandemic Levels Until 2024, Experts Say

Pro Builder

Housing Inventory Won’t Return to Pre-Pandemic Levels Until 2024, Experts Say. A nationwide housing supply deficit has made homeownership an unattainable goal for a growing number prospective buyers, and some experts say they may have to wait another two years. . Total inventory dropped from a monthly average of 1.6

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When Predicting a Housing Slowdown, Inventory Is Key

Pro Builder

When Predicting a Housing Slowdown, Inventory Is Key. The housing market is cooling after two years of frenzied buyer activity, but a slowdown in home price growth hinges on existing and new home inventory. Tue, 06/28/2022 - 10:31.

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Mortgage Rates Highest Since October 2019

Pro Builder

Mortgage Rates Highest Since October 2019. Following strong employment in January, the most prevalent 30-year fixed mortgage rate is steadily rising toward 4.0%, the highest since October 2019, Bill McBride reports in the CalculatedRisk Newsletter. Housing Policy + Finance. Housing Policy + Finance. Affordability.

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With Limited Inventory, Buyers Are Competing for an Aging Housing Stock

Pro Builder

With Limited Inventory, Buyers Are Competing for an Aging Housing Stock. As a result, inventory is disappearing, and buyers are facing record high prices and a tight competition for a limited supply of existing homes rather than new construction. Housing Markets. Wed, 02/09/2022 - 10:21. New-Home Sales. New-Home Sales.

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Single-Family Built-for-Rent Inventory Jumps 50% From 2019

Pro Builder

Single-Family Built-for-Rent Inventory Jumps 50% From 2019. Construction starts for single-family, built-for-rent homes increased 50% last quarter compared to the fourth quarter of 2019. Compared to the same timeframe in 2019, this is a 50% increase. cbroderick. Fri, 02/19/2021 - 09:43.

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2022 Housing Market in Review: A Year for the Record Books

Pro Builder

As demand skyrocketed while housing supply remained historically low, home prices soared to an all-time high of $430,365 in May, and median rent prices also reached a record high of $2,053 in August. As mortgage rates rose alongside inflation, more buyers decided to stay put, allowing inventory to increase.

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