Remove 2020 Remove Finance Remove Housing Remove Inventory
article thumbnail

Buyers Face Tough Conditions as Housing Inventory Drops 43% Annually

Pro Builder

Buyers Face Tough Conditions as Housing Inventory Drops 43% Annually. If homebuyers are fed up with the rising home prices and low inventory now, the upcoming spring homebuying season could make this season look effortless. January housing inventory dropped 43% compared to January 2020, according to Realtor.com.

Inventory 104
article thumbnail

If Home Prices and Inventory Weren’t Enough, Buyers Now Struggle to Get Mortgages

Pro Builder

If Home Prices and Inventory Weren’t Enough, Buyers Now Struggle to Get Mortgages. Mortgage credit availability has reached near its lowest level since 2014, adding another hurdle for prospective buyers on top of low inventory and rising home prices. The median credit score for borrowers was 786 during the fourth quarter of 2020.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Listings, House Prices Fall in November as Buyers Back Off

Pro Builder

New Listings, House Prices Fall in November as Buyers Back Off. Despite decreased activity from home sellers, total housing inventory is up 8.5% compared to the same week in 2020, and an above-average 6-month supply of homes is currently under construction. Mon, 11/14/2022 - 10:30. New-Home Sales. Market Data + Trends.

Housing 52
article thumbnail

Biden's Promised Changes to the Housing Market

Pro Builder

Biden's Promised Changes to the Housing Market. Mon, 11/09/2020 - 09:28. Along the campaign trail, President-elect Joe Biden promised changes to housing plans in order to create more opportunities for low- and middle-income Americans. Campaign promise: Address racial discrimination in housing. Housing Policy + Finance.

Housing 80
article thumbnail

Why the ‘Lock-in’ Effect Is Prompting Homeowners to Stay Put

Pro Builder

as homeowners refuse to sacrifice their low interest rates for new homes with more expensive housing costs. Homeowners across the country are becoming increasingly hesitant to list their homes if it means giving up their low mortgage rates and taking on a more costly monthly housing bill. . 11, the largest drop since May 2020. .

article thumbnail

Case-Shiller National Index Reveals Monthly Deceleration

Pro Builder

The Case-Shiller House Price Index shows month-over-month price deceleration on a seasonally adjusted basis, suggesting that the market is slowing despite a continuation of record high prices. According to Bill McBride’s CalculatedRisk Newsletter, the Federal Housing Finance Agency is reporting an 18.5 Housing Markets.

article thumbnail

February Listings Received an Average of Four Offers

Pro Builder

The National Association of Realtors says there were two to three offers for every home sold in February 2020. For housing inventory to meet demand, which would mean a six month supply, an additional 2.7 regions since August 2020. Financing. It’s a direct result of high demand and low supply. Read More. .