Pro Builder
JUNE 5, 2023
Home Inventory Levels: US Cities With the Most—or Fewest—Homes for Sale ldeakins Mon, 06/05/2023 - 10:58 While for-sale inventory is rising slowly but steadily nationwide, many markets remain undersupplied and overpriced on a year-over-year basis The U.S. Inventory remains tight in cities such as San Jose, Calif.,
Pro Builder
JANUARY 11, 2022
With tighter competition and declining inventory, first-time buyers are struggling to stay afloat, and some are backing out of the housing market altogether. As affordability pressures mount across cities like Austin, price growth is steadily decelerating, but sellers still have the upper hand. Moni Loa knows all about bidding wars.
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Pro Builder
FEBRUARY 6, 2023
If the house is perfect, the odds of someone else wanting it are high, too,” says Geena Peoples, an Austin, TX–based real estate agent with The Juice Group at Compass. Back in 2021, you could list just about anything and there would be a line out the door,” says Peoples.
Pro Builder
JULY 26, 2021
Almost two-thirds of June listings resulted in bidding wars, and buyers continue to sweeten their offers by offering vacations and even crypto, but inventory remains low. Buyers who want to avoid bidding wars in these areas should consider putting their home search on pause until the local housing supply grows. Historically, Ms.
Pro Builder
OCTOBER 18, 2022
Just how drastic those changes are depends on housing inventory and the trajectory of mortgage rates, Realtor.com reports. The dearth of homes on the market has been responsible for the record prices, bidding wars, and shockingly high offers over the asking prices during the pandemic as too many buyers compete for too few homes.
Pro Builder
JULY 23, 2021
Last winter, the Veros family found a home that fulfilled their modest wishlist and placed a bid for $6,000 over asking. When they learned the winning bid offered $60,000 more, the Veros knew they needed to give everything they could. Buyers Pull Back After Extended House Hunting. cbroderick. Fri, 07/23/2021 - 09:58.
Pro Builder
JANUARY 20, 2022
Richard Whiteley: Home builders and land developers have been highly focused on restocking their land inventory since it became evident housing would be one of the unexpected beneficiaries—at least in the near term—of the pandemic. In Austin, where IHP is working on an urban infill development project, demand for new homes is only increasing.
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