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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. Wed, 02/09/2022 - 10:21.

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More Market Stability Ahead in 2022 Despite Rising Prices

Pro Builder

Thu, 12/30/2021 - 10:08. Though the 2022 housing market will largely be defined by low inventory and double-digit home value gains extending from the previous year, experts predict a slightly more subdued home buying process ahead. Prices will be up, but that doesn’t mean to take something outside of what’s reasonable for your budget.

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Rising Mortgage Rates Continue to Price Out a Growing Share of Buyers

Pro Builder

Buyers on a budget are struggling to grapple with inflated mortgage rates in an already overpriced housing market. Mortgage rates jumped to an average of 4.42% during the week ending March 24, a year-over-year increase of more than a percentage point from 3.17% in March 2021. Fri, 03/25/2022 - 10:18. Home prices were up 14.2%

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How Did First-Time Buyers Fare Last Quarter?

Pro Builder

Wed, 03/03/2021 - 09:04. Despite low, low housing inventory and rising home prices, first-time buyers accounted for 31% of home sales in the fourth quarter of 2020. To be sure, supply is constrained during these months, too, even more so in 2020-2021, so pickings will be slimmer. How Did First-Time Buyers Fare Last Quarter?

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Do Unsustainable Home Prices Mean a Market Crash is Underway?

Pro Builder

Mon, 05/03/2021 - 09:46. The reasoning for rising home prices and low inventory is increased demand. Record-low rates have allowed buyers to purchase more expensive homes while keeping their monthly payments within their budgets. Do Unsustainable Home Prices Mean a Market Crash is Underway? cbroderick.

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Survey Finds First-Time Buyers Face New Difficulties

Pro Builder

Thu, 02/04/2021 - 12:28. The housing market continues to warmly welcome first-time buyers with bidding wars, record-high home prices, and a shortage of inventory. Roughly 47% of first-time buyers discovered their budgets were larger than they thought due to low rates. Survey Finds First-Time Buyers Face New Difficulties.

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Top Reasons Why Buyers are Braving the Tough Market

Pro Builder

Fri, 03/26/2021 - 09:28. Buyers are facing a market with tough competition, low inventory, and rising home prices, but they say it’s all worth it to achieve the American dream. Top Reasons Why Buyers are Braving the Tough Market. cbroderick. In addition, mortgage interest rates, which had fallen to record lows, are rising again.

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