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Homebuying Activity Returns as Inventory Increases

Pro Builder

Homebuying Activity Returns as Inventory Increases. An uptick in homebuying activity in June after months of decline shows slowed buying activity resulted from low inventory, says the National Association of Realtors (NAR). June housing inventory was up 3.3% cbroderick. Fri, 07/30/2021 - 09:36. There were 1.6

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Homebuyers Brace for Big Changes Ahead as Inventory Climbs and Sellers Slash Prices

Pro Builder

Homebuyers Brace for Big Changes Ahead as Inventory Climbs and Sellers Slash Prices. The housing market is cooling down after years of consistent growth. metros climbed 41% in July, especially in popular cities like Phoenix, Austin, and Raleigh, where inventory rose 158.7%, 154.5%, and 137.5%, respectively.

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Boise, Phoenix Prep for Big Changes Ahead After Years of Record Home Sales

Pro Builder

Boise, Phoenix Prep for Big Changes Ahead After Years of Record Home Sales. The nation's hottest housing markets aren't so hot anymore. Overpriced metros like Boise and Phoenix are seeing prices drop, sales slow, and inventory levels surge amid a major market cooldown. Housing Markets. Mon, 07/18/2022 - 10:17.

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Could the Fall Season Bring a Cooler Housing Market?

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Could the Fall Season Bring a Cooler Housing Market? August welcomed slower housing price growth and increase in inventory, prepping the cooler fall season for a cooler housing market. Available housing inventory continued its upward trajectory for the fourth straight month, rising 4.1% cbroderick.

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These Oversupplied Metros Could See Major Price Drops by Late 2024

Pro Builder

Formerly red-hot housing markets such as Seattle, Phoenix, San Francisco, and Austin, Texas, have seen substantial increases in inventory, and as a result, each metro is expected to see a double-digit price correction by late 2024. Read more Housing Markets Market Data + Trends Housing Markets

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The Housing Market Is Rebalancing, and Those Who Can Still Afford Homes Are Poised to Benefit

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The Housing Market Is Rebalancing, and Those Who Can Still Afford Homes Are Poised to Benefit. List prices are beginning to fall as active inventory spends more time on the market, meaning that those still searching for homes are finding more options and less competition. Thu, 08/18/2022 - 10:50. home values fell 0.1% The typical U.S.

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The Fed Just Paused Interest Rate Hikes—What Does That Mean for Home Prices?

Pro Builder

housing market a brief reprieve last week, but according to Forbes , that doesn’t mean home prices are about to crash. Not only is a lack of new construction sustaining a costly housing market, but the share of existing homes for sale is also decreasing as sellers get cold feet. It’s barely recovered since then.