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Despite Low Inventory, Buyers are Positive About Housing Availability

Pro Builder

Despite Low Inventory, Buyers are Positive About Housing Availability. NAHB says this change can be attributed to the number of homes sold in 2020, which topped every other year since 2006. cbroderick. Tue, 02/02/2021 - 09:12.

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New Construction Home Sales Surged in July

Pro Builder

The notion that new home sales are being driven by buyers fleeing to the suburbs might be debatable, but the impact of tight inventory and low mortgage interest rates on the latest monthly figures is obvious. This is the strongest one-month pace since 2006. New Construction Home Sales Surged in July. Wed, 08/26/2020 - 10:12.

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Mortgage Rates Are Falling—Does That Mean the Housing Market Is Weakening?

Pro Builder

New and existing sales fell at their fastest pace since 2006, inventory fell in popular markets, and home prices began to drop from unsustainable highs reached during the pandemic. housing market inched closer to a recession.

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Existing Home Sales Inch Forward in January

Pro Builder

Existing home sales inched forward last month, but the same could not be said of housing inventory, which remained 26% lower than last year. Despite record-low inventory, with only 1.04 higher than January 2020 levels, making it the second-highest sales pace since 2006. Despite record-low inventory, with only 1.04

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Buyers Turn to Technology for Post-Pandemic House Hunting

Pro Builder

Following the Great Recession, buyers viewed an average of 12 homes before purchasing, but a steep decline in inventory throughout the COVID-19 pandemic has left few options for house hunters at the start of 2022. Technology and tight inventory have also likely played a role in the number of weeks a buyer is searching for a new home.

Housing 59
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National Housing Market Will Remain Hot Into the Winter Season

Pro Builder

Despite a greater influx of winter buyers, housing inventory is low and prices remain at an all-time high, so those looking for houses in the coming months can still expect a hot housing market even during a cold and typically stagnant season for home buying.

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As the Market Cools, These Overvalued Markets Could Soon See Falling Home Prices

Pro Builder

The Federal Reserve’s housing reset will boost inventory and slow homebuyer demand, and many market players are wondering what that means for home prices in the nation’s hottest housing markets. That's the sharpest housing activity contraction since 2006. It boils down to souring U.S. housing market data. and 29.6%, respectively.